A special fund is hereby created in the Department of the Treasury designated as the “Public Housing Improvement Fund”, which shall be nourished by appropriations from the Legislature of Puerto Rico, from income originating from the collection of rent of public housing projects under their administration built with local funds, as well as from donations and transfers from any other agencies of the federal government or income from special funds and donations by private persons and entities. This fund shall be administered according to the regulations established by the Secretary of the Treasury and shall be destined exclusively to attend to the ends and purposes of the Administration.
History —Aug. 17, 1989, No. 66, p. 282, § 12.