§2149. Termination of Oversight Board
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Latest NOW As originally enacted Jun 30, 201648 U.S.C. § 2149
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
for at least 4 consecutive fiscal years—
the territorial government has developed its Budgets in accordance with modified accrual accounting standards; and
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.
Notes, amendments, and revision history
(Pub. L. 114–187, title II, § 209, June 30, 2016, 130 Stat. 576.)