P.R. Laws tit. 3, § 1912

2019-02-20 00:00:00+00
§ 1912. Transfers, assistance and fees paid by other benefited entities

Subject to the provisions of trust agreements, resolutions or other agreements in effect on the effective date of this act, any benefited entity is authorized to:

(a) Assign and transfer to the Authority, at its request and upon such terms and conditions as the parties may agree, any property or interest therein, including property already devoted to public use which the Authority may deem necessary or convenient to achieve its purposes. Every assignment or transfer of property pursuant to the provisions of this subsection shall be previously approved by the Governor of Puerto Rico and notified to the Legislature no later than five (5) working days after the date on which the Governor approves the assignment or transfer of the property in question, by filing with the Office of the Secretary of each Legislative Body a document certified by the Secretary of the Board containing a description of the assigned or transferred property and the reasons for such transfer or assignment.

(b) Pledge its revenues and other property for the payment of bonds issued by the Authority.

(c) Render all types of services to the Authority, including those of its officers, agents and employees to assist it in performing its functions and duties under this chapter. In performing its functions as authorized under this chapter, the Authority is empowered to set and charge fees for its services rendered to the benefited entity and the latter shall be responsible for the payment of such fees and the reimbursement of any costs incurred by the Authority in providing services to the benefited entity.

History —June 21, 1988, No. 44, § 13, renumbered as § 23 on June 24, 1998, No. 92, § 16.