P.R. Laws tit. 9, § 2002
With the purpose of continuing the government’s work to provide the people with the best roads and means of transportation, to expedite the movement of vehicles and individuals, to relieve in every possible way the hazards and inconveniences caused by congestion on the roads of the Commonwealth, to face the increasing demand for more and better traffic and transportation facilities that the economic growth of Puerto Rico entails, to contribute to the development and establishment of the Transportation Plan defined in this chapter, and to promote the development of the areas around the train stations; a body corporate and politic is hereby created consisting of a public corporation and government instrumentality of the Commonwealth, which shall be known as Puerto Rico Highway and Transportation Authority (the “Authority”). The powers and duties of the Authority shall be discharged by the Board of Directors constituted in accordance with § 2020a of this title. The Authority thus constituted shall exercise public and essential functions of the Government. The exercise by the Authority of the powers and authorities conferred by this chapter shall not have any effect whatsoever of vesting the Authority as a private corporation; Provided, however, That in order to attain the goals and objectives set forth by this chapter, the Authority may, as provided further and in relation to certain activities, conduct or engage in certain such activities and obtain the benefit of the profits yielded thereby beyond self-liquidation for the Authority.
History —June 23, 1965, No. 74, p. 158, § 2; June 21, 1968, No. 112, p. 242, § 1; Mar. 6, 1991, No. 1, p. 1, § 2; Aug. 25, 2000, No. 207, § 1; Mar. 21, 2014, No. 41, § 1.