P.R. Laws tit. 3, § 1915a
A rotating fund which shall be known as the “Puerto Rico Potable Water Rotating Fund” is hereby created which shall be constituted independently and separately from any other fund or resource of the Commonwealth, or the Puerto Rico Infrastructure Financing Authority, according to the provisions of, and for the exclusive purposes established by Title I of the Federal Clean Water Act. The Authority is authorized to assist the Department of Health of Puerto Rico or the Environmental Quality Board in administering the Commonwealth Potable Water Rotating Fund, pursuant to Title I of the Federal Clean Water Act, and for that, without it being construed as a limitation, it shall have the power to receive from the Department of Health of Puerto Rico or from the Environmental Quality Board, capital grants under said act, and matching funds from the Commonwealth required under Title I of the Clean Water Act, deposit said grants and matching funds in the Commonwealth Potable Water Rotating Fund; execute loan contracts and lend the moneys deposited in the Commonwealth Potable Water Rotating Fund to qualified borrowers under Title I of the Federal Clean Water Act, or use said monies in any other way permitted by said act; structure any financing program and issue bonds for said programs; supervise the repayment by the recipients of the Commonwealth Potable Water Rotating Fund monies, and peform any other things required by the Federal Clean Water Act, with regard to the administration of the Commonwealth Potable Water Rotating Fund, as provided in any agreement signed by the Puerto Rico Infrastructure Financing Authority, the Department of Health and the Environmental Quality Board, regarding the administration of the Commonwealth Potable Water Rotating Fund.
History —June 21, 1988, No. 44, added as § 16-A on July 7, 1997, No. 32, § 6; renumbered as § 26-A on June 24, 1998, No. 92, § 18.