Skip to main content
Find a Lawyer

48 U.S.C. § 2149 - U.S. Code - Unannotated Title 48. Territories and Insular Possessions § 2149. Termination of Oversight Board

Current as of January 01, 2024 | Updated by Findlaw Staff

An Oversight Board shall terminate upon certification by the Oversight Board that--

(1) the applicable territorial government has adequate access to short-term and long-term credit markets at reasonable interest rates to meet the borrowing needs of the territorial government; and

(2) for at least 4 consecutive fiscal years--

(A) the territorial government has developed its Budgets in accordance with modified accrual accounting standards; and

(B) the expenditures made by the territorial government during each fiscal year did not exceed the revenues of the territorial government during that year, as determined in accordance with modified accrual accounting standards.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - 48 U.S.C. § 2149 - U.S. Code - Unannotated Title 48. Territories and Insular Possessions § 2149. Termination of Oversight Board - last updated January 01, 2024 | https://codes.findlaw.com/us/title-48-territories-and-insular-possessions/48-usc-sect-2149/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard