P.R. Laws tit. 29, § 557

2019-02-20 00:00:00+00
§ 557. Public Employment Service—Employment Service Administration Fund

There is hereby created a special account to be known as the “Employment Service Administration Fund”. All moneys deposited or paid into said fund shall be continuously available to the Secretary of Labor and Human Resources for expenditure in accordance with the provisions of §§ 551—563 of this title, and shall not lapse at any time or be transferred to any other fund. The fund shall consist of all moneys received for the administration of §§ 551—563 of this title from the United States or any agency thereof, or from any other source; all moneys received from any agency of the United States or any state or territory as compensation for services or facilities supplied to any such agency by the Puerto Rico Employment Service; all amounts received pursuant to any surety bond or insurance policy or from other sources for losses sustained by the Employment Service Administration Fund, or by reason of damage to property, equipment, or supplies; and all moneys received from the sale or disposal of any such property, equipment, or supplies which may cease to be necessary for the proper administration of §§ 551—563 of this title.

History —Dec. 20, 1950, No. 12, p. 356, § 7; Apr. 5, 1952, No. 23, p. 58, § 1.