All the powers and faculties of the Public Housing Program of the Urban Renewal and Housing Corporation are hereby transferred to the Public Housing Administration. Unless the Secretary and the Board provide otherwise, by virtue of the authority conferred in § 1009 of this title, the subsidized housing projects of the federal Housing and Urban Development Department and those of the Farmers Home Administration are exempted from this transfer, as well as the subsidized housing projects of the Commonwealth of Puerto Rico and the Urban Renewal and Housing Corporation of Puerto Rico, and the federal Housing Program adopted pursuant to § 1007 of this title, which shall continue to be under the Administration of the Urban Renewal and Housing Corporation, or the Department, as provided by the Secretary and the Board.
Aside from the exceptions previously established in this section, all the ordinary and extraordinary activities of maintenance, beautification, refurbishing and administration of public housings, debt service incurred for development, and collecting efforts, leasing or rent of public housing, lands, buildings or facilities of any home project, as defined in §§ 1 et seq. and 31 et seq. of this title and every property of any nature belonging to or used in connection therewith and every interest and legal or equitable right on the same, and the liens thereon, as well as debts secured by said liens.
The above listed activities with regard to all rental housing projects for low income persons, developed with funds of the United States Government under the Public Housing Program and preceding entities, as well as those projects developed with financing secured by said federal entities are deemed to be transferred to the Administration. All rental housing projects for low income persons, developed with Commonwealth of Puerto Rico Funds or financed through obligations secured by them, are also hereby transferred to the Administration.
The funds, chattel and real estate, personnel, files, contracts, agreements, obligations and all income or capital assets of any kind, nature or description, rights and privileges, licenses, permits and authorizations inherent or related to the activities transferred by virtue of this chapter, are hereby transferred to the Administration, to be used for the aims and purposes of this chapter.
History —Aug. 17, 1989, No. 66, p. 282, § 9; Aug. 9, 1991, No. 58, p. 251, § 7; Jan. 10, 2003, No. 71, § 6.