There is hereby created a public corporation and autonomous governmental instrumentality of the Commonwealth of Puerto Rico which shall be known as “Puerto Rico Mineral Resources Development Corporation”. The exercise of the powers, rights and duties granted hereunder to the Corporation shall be considered as an essential governmental function. This Corporation shall have legal existence and its own personality, separate and apart from the Commonwealth Government of Puerto Rico and the officials administering it. Nevertheless, the liability of the Corporation for damages to persons or to property caused by culpable or negligent acts or omissions, not arising from contractual obligations, shall be subject to the provisions of §§ 3077—3092a of Title 32. Its debts, obligations, contracts, bonds, notes, expenses, accounts, funds, property, officers, employees and agents shall be understood to be of said Corporation and not of the Puerto Rico Commonwealth Government nor of any of its departments or political subdivisions.
History —July 2, 1975, No. 145, p. 433, § 4.