48 U.S.C. § 915 — Bonds as public debt

Such bonds shall not be a debt of Puerto Rico or any municipality, and shall not constitute a public indebtedness within the meaning of section 3 of the Act of Congress approved March 2, 1917 , entitled “An Act to provide a civil government for Porto Rico , and for other purposes”, as amended. (June 25, 1938, ch. 703, § 5, 52 Stat. 1203 .) Editorial Notes References in Text Section 3 of the Act of Congress approved March 2, 1917 , referred to in text, is section 3 of act Mar. 2, 1917, ch. 145, 39 Stat. 953 . The provisions of section 3 of the Act limiting the public indebtedness of Puerto Rico and of certain municipalities thereof were contained in section 745 of this title , prior to the amendment made to that section by Pub. L. 87–121, § 1 , Aug. 3, 1961 , 75 Stat. 245 , which struck out those provisions. See 1961 Amendment note under section 745 of this title . Codification Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.

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