A special tax payer may object to confirmation of a plan.
The court shall confirm the plan if-
If all of the requirements of section 2174(b) of this title and section 1129(a) of title 11, incorporated into this subchapter by section 2161 of this title other than sections 1129(a)(8) and 1129(a)(10) are met with respect to a plan-
the court shall confirm the plan notwithstanding the requirements of such sections 1129(a)(8) and 1129(a)(10) of title 11 if the plan is fair and equitable and does not discriminate unfairly with respect to such impaired class.
1So in original. Probably should be preceded by "section".
48 U.S.C. § 2174
- Fiscal Plan
- The term "Fiscal Plan" means a Territory Fiscal Plan or an Instrumentality Fiscal Plan, as applicable.
- Oversight Board
- The term "Oversight Board" means a Financial Oversight and Management Board established in accordance with section 2121 of this title.
- 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.