Not later than 30 days after the last day of each fiscal year, the Oversight Board shall submit a report to the President, Congress, the Governor and the Legislature, describing-
Within six months of the establishment of the Oversight Board, the Governor shall submit a report to the Oversight Board documenting all existing discretionary tax abatement or similar tax relief agreements to which the territorial government, or any territorial instrumentality, is a party, provided that-
The Oversight Board, when feasible, shall report on the amount of cash flow available for the payment of debt service on all notes, bonds, debentures, credit agreements, or other instruments for money borrowed whose enforcement is subject to a stay or moratorium hereunder, together with any variance from the amount set forth in the debt sustainability analysis of the Fiscal Plan under section 2141(b)(1)(I) of this title.
48 U.S.C. § 2148
EDITORIAL NOTES
REFERENCES IN TEXTThis chapter, referred to in subsecs. (a)(1) to (3) and (b)(1), was in the original "this Act", meaning Pub. L. 114-187, 130 Stat. 549, known as the Puerto Rico Oversight, Management, and Economic Stability Act and also as PROMESA, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 2101 of this title and Tables.
- Fiscal Plan
- The term "Fiscal Plan" means a Territory Fiscal Plan or an Instrumentality Fiscal Plan, as applicable.
- Governor
- The term "Governor" means the chief executive of a covered territory.
- Legislature
- The term "Legislature" means the legislative body responsible for enacting the laws of a covered territory.
- Oversight Board
- The term "Oversight Board" means a Financial Oversight and Management Board established in accordance with section 2121 of this title.
- Puerto Rico
- The term "Puerto Rico" means the Commonwealth of Puerto Rico.
- territorial government
- The term "territorial government" means the government of a covered territory, including all covered territorial instrumentalities.