P.R. Laws tit. 12, § 1266
(a) The Authority is hereby authorized to acquire existing industrial, tourist, educational, medical and environmental control and solid waste disposal facilities, and to assume and use the proceeds from the sale of bonds and other funds, to pay whatever obligations and commitments related thereto, that the Authority deems necessary for the construction of improvements, additions or extensions to said facilities, or for the purpose of rehabilitating, remodeling or updating them.
(b) The Authority, after conducting a survey that shows that it is necessary or convenient to acquire any real property or other rights on lands, developed or undeveloped, encumbered or unencumbered, for its immediate or future use, may acquire any property in a lawful manner, including condemnation, notwithstanding the fact that such property may already be devoted to public use.
(c) The Authority is hereby authorized to purchase and keep in force, or to cause the purchase and keeping in force of adequate insurance to cover any project or industrial, tourist, medical, educational, pollution-control or solid-waste disposal facilities owned by the Authority, including the operation thereof.
(d) The Authority is authorized to obtain to the fullest extent possible, contributions, loans, donations, mortgage insurance, guaranties and any other financial assistance that is or may be available from any federal agency, and in connection herewith, to execute contracts and comply with the requirements incidental to such assistance, and to fulfill and carry out the obligations as may be imposed thereunder. To be able to obtain any such assistance from any federal agency, or with regard to any project, the Authority is hereby authorized to act for and in behalf of the Commonwealth of Puerto Rico, to the extent required under any federal law or regulation promulgated hereon.
History —June 27, 1977, No. 121, p. 310, § 15, renumbered as § 16 and amended on June 12, 1978, No. 48, p. 162, § 16; July 12, 1985, No. 102, p. 335, § 7; July 28, 1988, No. 139, p. 579, § 7; Sept. 10, 1993, No. 79, § 6; Dec. 16, 2009, No. 180, § 4.