48 USC § 915 - Bonds as public debt

---
identifier: "/us/usc/t48/s915"
source: "usc"
legal_status: "official_prima_facie"
title: "48 USC § 915 - Bonds as public debt"
title_number: 48
title_name: "TERRITORIES AND INSULAR POSSESSIONS"
section_number: "915"
section_name: "Bonds as public debt"
chapter_number: 4
chapter_name: "PUERTO RICO"
subchapter_number: "VII"
subchapter_name: "LOW RENT HOUSING PROJECTS AND ELIMINATION OF SUB-STANDARD HOUSING"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(June 25, 1938, ch. 703, § 5, 52 Stat. 1203.)"
---


# § 915. Bonds as public debt

March 2, 1917

Such bonds shall not be a debt of Puerto Rico or any municipality, and shall not constitute a public indebtedness within the meaning of section 3 of the Act of Congress approved , entitled “An Act to provide a civil government for Porto Rico, and for other purposes”, as amended.

---

**Source Credit**: (June 25, 1938, ch. 703, § 5, 52 Stat. 1203.)

## Editorial Notes

### References in Text

Section 3 of the Act of Congress approved , referred to in text, is section 3 of , . The provisions of section 3 of the Act limiting the public indebtedness of Puerto Rico and of certain municipalities thereof were contained in , prior to the amendment made to that section by , , , which struck out those provisions. See 1961 Amendment note under .

### Codification

Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.