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48 U.S.C. § 2211 — Protection from inter-debtor transfers
Federal law — U.S. Code and appendices · legal_authorities
**(a) Protection of creditors** While an Oversight Board for Puerto Rico is in existence, if any property of any territorial instrumentality of Puerto Rico is transferred in violation of applicable law under which any creditor has a valid pledge of, security interest in, or lien on such property, or which deprives any such territorial instrumentality of property in violation of applicable law assuring the transfer of such property to such territorial instrumentality for the benefit of its creditors, then the transferee shall be liable for the value of such property.
**(b) Enforceability** A creditor may enforce rights under this section by bringing an action in the United States District Court for the District of Puerto Rico after the expiration or lifting of the stay of [section 2194 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2194&num=0&edition=prelim), unless a stay under subchapter III is in effect.
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Stable record: federal_law:legal_authorities:record_usc_ca7804a10b74e8cdddaf4abf
Source file: Laws/federal/codes/united-states-code/title-48/section-2211-protection-from-inter-debtor-transfers--cdb812b035.md
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Source location: Title 48, Chapter 20, § 2211; chapter-020-puerto-rico-oversight-management-and-economic-stability.md
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**(a) Protection of creditors** While an Oversight Board for Puerto Rico is in existence, if any property of any territorial instrumentality of Puerto Rico is transferred in violation of applicable law under which any creditor has a valid pledge of, security interest in, or lien on such property, or which deprives any such territorial instrumentality of property in violation of applicable law assuring the transfer of such property to such territorial instrumentality for the benefit of its creditors, then the transferee shall be liable for the value of such property.
**(b) Enforceability** A creditor may enforce rights under this section by bringing an action in the United States District Court for the District of Puerto Rico after the expiration or lifting of the stay of [section 2194 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2194&num=0&edition=prelim), unless a stay under subchapter III is in effect.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Compensation for services rendered and reimbursement for expenses** After notice to the parties in interest and the United States Trustee and a hearing, the court may award to a professional person employed by the debtor (in the debtor’s sole discretion), the Oversight Board (in the Oversight Board’s sole discretion), a committee under [section 1103 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section1103&num=0&edition=prelim), or a trustee appointed by the court under [section 926 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section926&num=0&edition=prelim)—
(1) reasonable compensation for actual, necessary services rendered by the professional person, or attorney and by any paraprofessional person employed by any such person; and
(2) reimbursement for actual, necessary expenses.
**(b) Award of compensation less than amount requested** The court may, on its own motion or on the motion of the United States Trustee or any other party in interest, award compensation that is less than the amount of compensation that is requested.
**(c) Factors considered** In determining the amount of reasonable compensation to be awarded to a professional person, the court shall consider the nature, the extent, and the value of such services, taking into account all relevant factors, including—
(1) the time spent on such services;
(2) the rates charged for such services;
(3) whether the services were necessary to the administration of, or beneficial at the time at which the service was rendered toward the completion of, a case under this chapter; 11 See References in Text note below.
(4) whether the services were performed within a reasonable amount of time commensurate with the complexity, importance,
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 2194
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Federal law — U.S. Code and appendices · legal_authorities
Page 380
TITLE 48—TERRITORIES AND INSULAR POSSESSIONS
§ 2199
1 So in original. Probably should be ‘‘its’’.
1 See References in Text note below.
1 So in original.
(4) the effect of Federal laws, mandates,
rules, and regulations on each territory’s pub-
lic debt; and
(5) the ability of each territory to repay it’s 1
public debt.
(b) Materials
The government of each territory shall make
available to the Comptroller General of the
United States all materials necessary to carry
out this section.
(Pub. L. 114–187, title IV, § 411, June 30, 2016, 130
Stat. 594.)
§ 2199. Expansion of HUBZones in Puerto Rico
(a) Omitted
(b) Improving oversight
(1) Guidance
Not later than 270 days after June 30, 2016,
the Administrator of the Small Business Ad-
ministration shall develop and implement cri-
teria and guidance on using a risk-based ap-
proach to requesting and verifying informa-
tion from entities applying to be designated or
recertified as qualified HUBZone small busi-
ness concerns (as defined in section 632(p)(5) 1
of title 15).
(2) Assessment
Not later 1 year after the date on which the
criteria and guidance described in paragraph
(1) is implemented, the Comptroller General of
the United States shall begin an assessment of
such criteria and guidance. Not later than 6
months after beginning such an assessment,
the Comptroller General shall submit a report
to the Committee on Small Business and En-
trepreneurship of the Senate and the Com-
mittee on Small Business of the House of Rep-
resentatives that includes—
(A) an assessment of the criteria and guid-
ance issued by the Administrator of the
Small Business Administration in accord-
ance with paragraph (1);
(B) an assessment of the implementation
of the criteria and guidance issued by issued
by
Source: Supplied 2024 U.S. Code historical extraction · 48 U.S.C. § 2211
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