P.R. Laws tit. 11, § 30c
2019-02-20 00:00:00+00
The Board may authorize the Administrator to take out loans from any financial institution of the Government of the Commonwealth of Puerto Rico or the federal government of the United States of America, or through direct debt placements, solely to carry out the goals and purposes of the Corporation, guaranteeing such a debt with its assets. The interest accrued on account of said obligations shall be exempt from the payment of income tax to the Commonwealth of Puerto Rico.
History —Apr. 18, 1935, No. 45, p. 250, added as § 29C on Oct. 29, 1992, No. 83, § 3; renumbered as § 27C on July 1, 1996, No. 63, § 3.