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48 U.S.C. § 2232 — Applicable law
Federal law — U.S. Code and appendices · legal_authorities
Page 388
TITLE 48—TERRITORIES AND INSULAR POSSESSIONS
§ 2232
ernment Issuer, other territorial instrumental-
ities of the territorial government Issuer, and
any creditors of such entities, and should not be
subject to any collateral attack or other chal-
lenge by any such entities in any court or other
forum. Other than as provided herein, the fore-
going shall not prejudice the rights and claims
of any party that insured the Bonds, including
the right to assert claims under the Bonds as
modified following any payment under the in-
surance policy, and no claim or right that may
be asserted by any party in a capacity other
than holder of a Bond affected by the Qualifying
Modification shall be satisfied, released, dis-
charged, or enjoined by this provision.
(n) Judicial review
(1) The district court for the territory or, for
any territory that does not have a district
court, the United States District Court for the
District of Hawaii shall have original and exclu-
sive jurisdiction over civil actions arising under
this section.
(2) Notwithstanding section 2126(e) of this
title, there shall be a cause of action to chal-
lenge unlawful application of this section.
(3) The district court shall nullify a Modifica-
tion and any effects on the rights of the holders
of Bonds resulting from such Modification if and
only if the district court determines that such
Modification is manifestly inconsistent with
this section.
(Pub. L. 114–187, title VI, § 601, June 30, 2016, 130
Stat. 603.)
§ 2232. Applicable law
In any judicial proceeding regarding this sub-
chapter, Federal, State, or territorial laws of
the United States, as applicable, shall govern
and be applied without regard or reference to
any law of any international or foreign jurisdic-
tion.
(P
Source: Supplied 2024 U.S. Code historical extraction · 48 U.S.C. § 2232
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Source file: Laws/federal/codes/united-states-code-2024/title-48/section-2232-applicable-law--c277a4c9fa.md
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Source location: USCODE-2024-title48-chap20-subchapVI-sec2232.pdf
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Page 388
TITLE 48—TERRITORIES AND INSULAR POSSESSIONS
§ 2232
ernment Issuer, other territorial instrumental-
ities of the territorial government Issuer, and
any creditors of such entities, and should not be
subject to any collateral attack or other chal-
lenge by any such entities in any court or other
forum. Other than as provided herein, the fore-
going shall not prejudice the rights and claims
of any party that insured the Bonds, including
the right to assert claims under the Bonds as
modified following any payment under the in-
surance policy, and no claim or right that may
be asserted by any party in a capacity other
than holder of a Bond affected by the Qualifying
Modification shall be satisfied, released, dis-
charged, or enjoined by this provision.
(n) Judicial review
(1) The district court for the territory or, for
any territory that does not have a district
court, the United States District Court for the
District of Hawaii shall have original and exclu-
sive jurisdiction over civil actions arising under
this section.
(2) Notwithstanding section 2126(e) of this
title, there shall be a cause of action to chal-
lenge unlawful application of this section.
(3) The district court shall nullify a Modifica-
tion and any effects on the rights of the holders
of Bonds resulting from such Modification if and
only if the district court determines that such
Modification is manifestly inconsistent with
this section.
(Pub. L. 114–187, title VI, § 601, June 30, 2016, 130
Stat. 603.)
§ 2232. Applicable law
In any judicial proceeding regarding this sub-
chapter, Federal, State, or territorial laws of
the United States, as applicable, shall govern
and be applied without regard or reference to
any law of any international or foreign jurisdic-
tion.
(Pub. L. 114–187, title VI, § 602, June 30, 2016, 130
Stat. 609.)
SUBCHAPTER
VII—SENSE
OF
CONGRESS
REGARDING PERMANENT, PRO-GROWTH
FISCAL REFORMS
§ 2241. Sense of Congress regarding permanent,
pro-growth fiscal reforms
It is the sense of the Congress that any dura-
ble solution for Puerto Rico’s fiscal and eco-
nomic crisis should include permanent, pro-
growth fiscal reforms that feature, among other
elements, a free flow of capital between posses-
sions of the United States and the rest of the
United States.
(Pub. L. 114–187, title VII, § 701, June 30, 2016, 130
Stat. 610.)
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Identification of projects**
(1) **Project submission** — Any Project Sponsor may submit, so long as the Oversight Board is in operation, any existing, ongoing, or proposed project to the Revitalization Coordinator. The Revitalization Coordinator shall require such submission to include—
(A) the impact the project will have on an emergency;
(B) the availability of immediate private capital or other funds, including loan guarantees, loans, or grants to implement, operate, or maintain the project;
(C) the cost of the project and amount of Puerto Rico government funds, if any, necessary to complete and maintain the project;
(D) the environmental and economic benefits provided by the project, including the number of jobs to be created that will be held by residents of Puerto Rico and the expected economic impact, including the impact on ratepayers, if applicable;
(E) the status of the project if it is existing or ongoing; and
(F) in addition to the requirements found in subparagraphs (A) through (E), the Revitalization Coordinator may require such submission to include any or all of the following criteria that assess how the project will—
(i) reduce reliance on oil for electric generation in Puerto Rico;
(ii) improve performance of energy infrastructure and overall energy efficiency;
(iii) expedite the diversification and conversion of fuel sources for electric generation from oil to natural gas and renewables in Puerto Rico as defined under applicable Puerto Rico laws;
(iv) promote the development and utilization of energy sources found on Puerto Rico;
(v) contribute to transitioning to privatized generation capacities in Puerto Rico;
(vi) support the Energy Commission of Puerto Rico in achievement of its goal of reduc
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 2232
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