P.R. Laws tit. 13, § 141d
The good faith, credit and taxing power of the Commonwealth of Puerto Rico are hereby irrevocably pledged for the prompt payment of the principal and interest on the refinancing bonds issued under the provisions of this chapter. The Secretary of the Treasury is hereby authorized and directed to pay the principal and interest on such refinancing bonds as the same shall become due and payable from any funds available for such purpose in the Treasury of the Commonwealth of Puerto Rico during the fiscal year in which such payment is due. The provisions contained in this chapter regarding the payment of the principal and interest on such refinancing bonds shall be considered a continuous appropriation for the Secretary of the Treasury to make such payments, even though no specific appropriations are made for such purposes. Said payments shall be made pursuant to the provisions of the laws of the Commonwealth of Puerto Rico that regulate the disbursement of public funds.
The Secretary of the Treasury is hereby authorized and directed to state in the refinancing bonds that the good faith, credit and taxing power of the Commonwealth of Puerto Rico are pledged for the payment thereof.
History —Oct. 10, 1985, No. 2, p. 848, § 5.