P.R. Laws tit. 12, § 8004f
(a) The Puerto Rico Environmental Emergency Fund is hereby created in the Department of the Treasury, to be administered by the Environmental Quality Board, hereinafter denominated the Fund.
(b) The Fund shall be made up by the fiscal resources approved by the Legislature, funds from the federal government, and other funds from any other source provided to accomplish the purposes of §§ 8004–8004o of this title, among which are the revenues collected under the “Used Oil Fund Act”, the “Used Tire Management Act”, and any other laws that order the transfer or the covering of funds into the Environmental Emergency Fund.
(c) In order to comply with the purposes of this chapter, as of June 30, 204, it is hereby provided that the Environmental Emergency Fund shall arrive at a balance of twenty-five million dollars ($25,000,000), to be composed of twelve million, five hundred thousand dollars ($12,500,000) from the existing balance for Fiscal year 2003-2004, plus a revolving credit line of twelve million, five hundred thousand dollars ($12,500,000). It is hereby provided that, should an environmental emergency arise which requires the use of an amount greater than twenty-five million dollars ($25,000,000), the mechanisms available through the Commonwealth Emergency Fund provided for in §§ 457–465 of Title 3 [can be used].
(d) The balance of the Environmental Emergency Fund may never be lesser than twelve million, five hundred thousand dollars ($12,500,000), excluding the aforementioned line of credit, at the beginning of subsequent fiscal years. Said balance shall be maintained with revenues from sources identified in this section, including resources from the Commonwealth Emergency Fund provided for in §§ 457–465 of Title 3.
History —Sept. 22, 2004, No. 416, § 37, eff. 6 months after Sept. 22, 2004.