48 U.S.C. § 745a : US Code - Section 745A: Public improvement bonds sold to United States or agency thereof excluded from public indebtedness

Search 48 U.S.C. § 745a : US Code - Section 745A: Public improvement bonds sold to United States or agency thereof excluded from public indebtedness

Bonds or other obligations of Puerto Rico or any municipal
government therein, payable solely from revenues derived from any
public improvement or undertaking (which revenues may include
transfers by agreement or otherwise from the regular funds of the
issuer in respect of the use by it of the facilities afforded by
such improvement or undertaking), and issued and sold to the United
States of America or any agency or instrumentality thereof, shall
not be considered public indebtedness of the issuer within the
meaning of section 745 of this title.