§ 2198. Report on territorial debt

168 words·~1 min read·/usc/title-48/section-2198

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Report required Not later than one year after June 30, 2016, and thereafter not less than once every two years, the Comptroller General of the United States shall submit to Congress a report on the public debt of each territory, including—

(1)the historical levels of each territory’s public debt, current amount and composition of each territory’s public debt, and future projections of each territory’s public debt;

(2)the historical levels of each territory’s revenue, current amount and composition of each territory’s revenue, and future projections of each territory’s revenue;

(3)the drivers and composition of each territory’s public debt;

(4)the effect of Federal laws, mandates, rules, and regulations on each territory’s public debt; and

(5)the ability of each territory to repay it’s 1 public debt.

(b)Materials The government of each territory shall make available to the Comptroller General of the United States all materials necessary to carry out this section.

(Pub. L. 114–187, title IV, § 411, June 30, 2016, 130 Stat. 594.)

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Cited by 3 sections

public-private-law