48 U.S.C. § 2150

No full faith and credit of the United States

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(a) In general

The full faith and credit of the United States is not pledged for the payment of any principal of or interest on any bond, note, or other obligation issued by a covered territory or covered territorial instrumentality. The United States is not responsible or liable for the payment of any principal of or interest on any bond, note, or other obligation issued by a covered territory or covered territorial instrumentality.

(b) Subject to appropriations

Any claim to which the United States is determined to be liable under this chapter shall be subject to appropriations.

No Federal funds shall be authorized by this chapter for the payment of any liability of the territory or territorial instrumentality.

(Pub. L. 114–187, title II, § 210, June 30, 2016, 130 Stat. 576.)Editorial NotesReferences in Text

This chapter, referred to in subsecs. (b) and (c), was in the original “this Act”, meaning Pub. L. 114–187, June 30, 2016, 130 Stat. 549, known as the Puerto Rico Oversight, Management, and Economic Stability Act and also as PROMESA, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 2101 of this title and Tables.

Notes of Decisions

Cited in 2 cases, 2018–2019 · leading case: Migrant Health Ctr., Inc. v. Commonwealth of Puerto Rico, 919 F.3d 565 (1st Cir. 2019).

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Migrant Health Ctr., Inc. v. Commonwealth of Puerto Rico, 919 F.3d 565 (1st Cir. 2019). · cites it 2× “§ 2164 (h), and Section 210(c), 48 U.S.C. § 2150 (c). The FQHCs contend that the District Court was correct in both respects.”

Altair Global Credit Opportunities Fund (A), LLC v. United States (Fed. Cl. 2018). “See 48 U.S.C. § 2150 (c). But, the Government mischaracterizes the October 31, 2017 Amended Complaint.”

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