P.R. Laws tit. 28, § 527a
The Housing Development and Improvements Administration may provide the usufructuaries of parcels in the rural communities established under Title V hereof of the individual farms established under Title VI, of the lots in minimum-facility developments, and in other places of the rural zone, with construction materials at cost or at less than cost and under such conditions of payment as the Administration may stipulate, as well as with the necessary technical supervision in order that the said usufructuaries may construct their homes with the said materials. The Administration may invest money in the erection of communal buildings in Title V communities, Title VI farms, minimum-facility developments, and in other places of the rural zone, and may likewise invest money to provide, and cooperate with other government agencies toward providing, the said communities, the individual subsistence farms established under Title VI, minimum-facility developments, or in other places of the rural zone, with such other public services as the Administration may deem advisable. Any funds which the Administration may use for carrying out the provisions of this section with relation to rural communities and Title VI farms shall be taken from the trust fund known as “Fund of Titles V and VI, Trust Fund”, created under § 323 of this title. Likewise, there is created a trust fund known as “Fund of Low-Cost Dwellings” to be devoted to the development of the Low-Cost Dwelling Program into which shall be covered the following funds:
(a) The balance of the appropriations already made under Act 395 of May 10, 1951, Act 398 of May 12, 1952, J.R. 32 of May 27, 1953, J.R. 93 of June 25, 1954, J.R. 97 of June 13, 1955, J.R. 17 of March 21, 1956 and J.R. 34 of July 1, 1957; and such other funds as the Legislature may hereafter appropriate to carry out the purposes of the Low-Cost Dwelling Program.
(b) The payments heretofore and hereafter made by the persons covered by the Low-Cost Dwelling Program for the furnishing of materials for the construction of their dwellings.
The Executive Director may dispose of up to seven percent (7%) of the collections of the Fund of Low-Cost Dwellings to devote same to the administration of the proper fund and may establish the collection system as he may deem most adequate, including the collection on the basis of a percentage through contract.
History —Apr. 12, 1941, No. 26, p. 388, added as § 73A-1 on June 30, 1955, No. 106, p. 622, § 8; June 19, 1957, No. 75, p. 170; June 23, 1958, No. 78, p. 174; June 26, 1968, No. 135, p. 322.