P.R. Laws tit. 13, § 113v

2019-02-20 00:00:00+00

§ 113v. Use or lease of property not subject to court approval

Unless the Court orders otherwise, without notice or a hearing, the petitioner may, in its sole discretion:

(a) Pay on a current basis:

(1) Its expenses accruing postpetition (exclusive of amounts related to prepetition indebtedness except as set forth in subsection (a)(2) of this section) and the costs and expenses incurred in connection with the case (including the reasonable fees and expenses of the professionals retained by or for the petitioner or GDB and any creditors’ committee(s) formed under §§ 113-113nn of this title, subject to §§ 113q, 113r and 113ff of this title); and

(2) its prepetition debt not scheduled to be affected under the plan or that is necessary to pay to safeguard the petitioner’s ability to perform its public functions;

(b) enter into transactions, including the lease of property, and use its property in its operations, including the use of revenues; and

(c) use cash and other resources as necessary to perform public functions, subject to subsection (a) of § 113w of this title.

History —June 28, 2014, No. 71, § 323.