---
kind: "section"
citation: "48 U.S.C. § 2147"
title: "48"
title_heading: "Territories and Insular Possessions"
number: "2147"
heading: "Oversight Board authority related to debt issuance"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/48/2147"
units:
  - "Chapter 20 — Puerto Rico Oversight, Management, and Economic Stability"
  - "Subchapter II — Responsibilities of Oversight Board"
---

# §2147. Oversight Board authority related to debt issuance


For so long as the [Oversight Board](/usc/48/2104.md?p=17) remains in operation, no [territorial government](/usc/48/2104.md?p=18) may, without the prior approval of the [Oversight Board](/usc/48/2104.md?p=17), issue debt or guarantee, exchange, modify, repurchase, redeem, or enter into similar transactions with respect to its debt.


## Source credit

(Pub. L. 114–187, title II, § 207, June 30, 2016, 130 Stat. 575.)