P.R. Laws tit. 3, § 1910
2019-02-20 00:00:00+00
The bonds issued by the Authority shall not constitute an indebtedness of the Commonwealth nor of any of its political subdivisions, and neither the Commonwealth nor any of its political subdivisions shall be liable therefor, and such bonds shall be payable solely out of those funds pledged for the payment thereof.
The Authority shall not be deemed to be acting on behalf of or to have incurred any obligation to the holders of any indebtedness of the Commonwealth or any benefited entity or to third parties, even when the Authority has taken any action under this chapter which affects such benefited entity.
History —June 21, 1988, No. 44, § 11, renumbered as § 21 on June 24, 1998, No. 92, § 16.