P.R. Laws tit. 17, § 661f
Subsidies may be granted under §§ 661—661f of this title to housing units that have been acquired by the Housing Bank and Finance Agency having been turned over voluntarily or repossessed from the mortgage insurance program under §§ 261—270 of Title 7, created by §§ 661—661f of this title.
The Housing Department is hereby authorized through the Housing Bank and Finance Agency of Puerto Rico to incur obligations up to the amount of three hundred thousand dollars ($300,000) for the payment of interest subsidies for Fiscal Year 1980-81.
The funds needed to honor the obligations incurred by the Housing Bank and Finance Agency in administrating §§ 661—661f of this title in subsequent years, including any obligation it incurs with the purpose of prepaying, purchasing or otherwise totally or partially settling obligations contracted pursuant to §§ 661—661f of this title shall be consigned in the Department of Housing’s budget.
History —June 14, 1980, No. 141, p. 527, § 7; July 11, 1986, No. 115, p. 366, § 7.