48 USC § 2147 - Oversight Board authority related to debt issuance

---
identifier: "/us/usc/t48/s2147"
source: "usc"
legal_status: "official_prima_facie"
title: "48 USC § 2147 - Oversight Board authority related to debt issuance"
title_number: 48
title_name: "TERRITORIES AND INSULAR POSSESSIONS"
section_number: "2147"
section_name: "Oversight Board authority related to debt issuance"
chapter_number: 20
chapter_name: "PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY"
subchapter_number: "II"
subchapter_name: "RESPONSIBILITIES OF OVERSIGHT BOARD"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 114–187, title II, § 207, June 30, 2016, 130 Stat. 575.)"
---


# § 2147. Oversight Board authority related to debt issuance

For so long as the Oversight Board remains in operation, no territorial government may, without the prior approval of the Oversight Board, issue debt or guarantee, exchange, modify, repurchase, redeem, or enter into similar transactions with respect to its debt.

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**Source Credit**: (Pub. L. 114–187, title II, § 207, June 30, 2016, 130 Stat. 575.)