P.R. Laws tit. 3, § 931k
A special fund is hereby created in the Treasury Department which shall be known as “Industrial Capital Fund of the General Services Administration”. This Fund shall be composed of the consolidation of the revolving funds or of the industrial capital of the Administration programs, and of the income derived from other services rendered by the Administration to the different government agencies to cover the activities and services which produce income.
Balances and obligations of the Operating Fund established by Act No. 96, June 24, 1954, as amended, known as “Procurement and Services Act,” of the Industrial Capital Fund established by Act No. 49, Aug. 4, 1947, as amended, and of the Fund for the Survey and Preparation of Plans and Specifications of Public Works, created by §§ 81—85 of Title 22, are hereby transferred to the aforesaid “Industrial Capital Fund”, and said funds shall be abolished, once the transfer is made.
The Administrator is hereby empowered to borrow money to secure payments of his obligations with this Fund. He is further empowered to encumber any of his contracts, revenues or income for the payment of those obligations. The Administration may sue and be sued in the name and on behalf of the Commonwealth of Puerto Rico for any claim arising as the result of obligations contracted pursuant to the provisions of the preceding paragraph, and, for such purposes, the Commonwealth of Puerto Rico waives its immunity, all of which is subject to the prescription periods and to the proceeding established by law, but not subject to the provisions of §§ 3077 et seq. of Title 32, and the judgments that may be entered against the Commonwealth of Puerto Rico, once they have become final, shall be paid from the Industrial Capital Fund of the General Services Administration.
History —July 23, 1974, No. 164, Part 1, p. 752, § 12; May 12, 1975, No. 16, p. 30, § 1.