48 U.S.C. § 2162

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 2162 - Who may be a debtor

An entity may be a debtor under this subchapter if-

(1) the entity is-

(A) a territory that has requested the establishment of an Oversight Board or has had an Oversight Board established for it by the United States Congress in accordance with section 2121 of this title; or

(B) a covered territorial instrumentality of a territory described in paragraph (1)(A);

(2) the Oversight Board has issued a certification under section 2146(b) of this title for such entity; and

(3) the entity desires to effect a plan to adjust its debts.

48 U.S.C. § 2162

Pub. L. 114-187, title III, §302, June 30, 2016, 130 Stat. 579.

Oversight Board

The term "Oversight Board" means a Financial Oversight and Management Board established in accordance with section 2121 of this title.

covered territorial instrumentality

The term "covered territorial instrumentality" means a territorial instrumentality designated by the Oversight Board pursuant to section 2121 of this title to be subject to the requirements of this chapter.

territory

The term "territory" means-(A) Puerto Rico;(B) Guam;(C) American Samoa;(D) the Commonwealth of the Northern Mariana Islands; or(E) the United States Virgin Islands.