P.R. Laws tit. 13, § 111l

2019-02-20 00:00:00+00
§ 111l. Eligibility

(a) A public sector obligor is eligible for §§ 112-112f of this title, if it is authorized to commence a consensual debt relief transaction pursuant to clause (1) or (2) of subsection (b) of § 112 of this title.

(b) A petitioner is eligible for §§ 113-113nn of this title, if it:

(1) Is insolvent;

(2) is authorized to file a petition under §§ 113-113nn of this title by its governing body and GDB, or a petition is filed on its behalf by GDB, upon the Governor’s request; and

(3) is ineligible for relief under title 11 of the United States Code, because, among other reasons:

(A) It is not a “municipality” having permission of a “state” to file a chapter 9 petition, each as defined in title 11 of the United States Code; and

(B) it is a “governmental unit,” as defined in title 11 of the United States Code, that may not seek relief under chapter 11 of title 11 of the United States Code.

History —June 28, 2014, No. 71, § 113.