P.R. Laws tit. 7, § 1287
(1) Any public funds investment trust created by virtue of this chapter shall be exempted from the payment of any type of taxes, license fees, charges or duties levied by the Government of Puerto Rico or its municipalities on properties, whether real or personal, owned as part of the activities of said trust and on the income obtained from any of the enterprises or activities of said trust.
The beneficiaries of each one of these trusts shall be the agencies, municipalities, public corporations and instrumentalities or political subdivisions of the Government of Puerto Rico that from time to time have funds invested in the respective trusts.
(2) Any public funds investment trust created pursuant to this chapter, shall also be exempted from the payment of any type of fees, stamps, internal revenue stamps, duties, taxes or imposts of any nature whatsoever required by law for the handling of judicial processes, the production of certificates in any office or dependency of the Government of Puerto Rico and the issuing of public documents and their registration in any public registry of the Government of Puerto Rico.
History —Aug. 11, 1995, No. 176, § 7.