141a

As used in this chapter the following terms shall mean:(a) Outstanding bonds. — Shall mean any public improvement bonds of the Commonwealth of Puerto Rico and the interest coupons, if any, pertaining thereto, which have heretofore been issued or which are hereafter issued, which are obligations of the Commonwealth of Puerto Rico for which the good faith, credit and taxing power of the Commonwealth of Puerto Rico have been pledged for the prompt payment of the principal thereof and interest thereon.(b) Government obligations. — Shall mean direct obligations of, or such obligations whose principal and interest thereon which are unconditionally guaranteed by the United States of America, and any certificates or any other evidences of a right to receive the payments of the principal or interest on such obligations.(c) Refinancing. — Shall mean providing for the payment of any outstanding bonds at or prior to maturity or on its redemption date, as provided in this chapter.(d) Refinancing bonds. — Shall mean the bonds of the Commonwealth of Puerto Rico issued under the provisions of this chapter. History —Oct. 10, 1985, No. 2, p. 848, § 2.