---
kind: "section"
citation: "48 U.S.C. § 2149"
title: "48"
title_heading: "Territories and Insular Possessions"
number: "2149"
heading: "Termination of Oversight Board"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/48/2149"
units:
  - "Chapter 20 — Puerto Rico Oversight, Management, and Economic Stability"
  - "Subchapter II — Responsibilities of Oversight Board"
---

# §2149. Termination of Oversight Board


An [Oversight Board](/usc/48/2104.md?p=17) shall terminate upon certification by the [Oversight Board](/usc/48/2104.md?p=17) that—

- (1) the applicable [territorial government](/usc/48/2104.md?p=18) has adequate access to short-term and long-term credit markets at reasonable interest rates to meet the borrowing needs of the [territorial government](/usc/48/2104.md?p=18); and
- (2) for at least 4 consecutive fiscal years—
  - (A) the [territorial government](/usc/48/2104.md?p=18) has developed its [Budgets](/usc/48/2104.md?p=4) in accordance with [modified accrual accounting standards](/usc/48/2104.md?p=16); and
  - (B) the expenditures made by the [territorial government](/usc/48/2104.md?p=18) during each fiscal year did not exceed the revenues of the [territorial government](/usc/48/2104.md?p=18) during that year, as determined in accordance with [modified accrual accounting standards](/usc/48/2104.md?p=16).

## Source credit

(Pub. L. 114–187, title II, § 209, June 30, 2016, 130 Stat. 576.)