The Corporation shall be exempted from the application of Act No. 5 of October 14, 1975, as amended, known as the “Puerto Rico Public Service Personnel Act”. The officers and employees of the Corporation shall be entitled to be reimbursed for the necessary travel expenses, or in lieu thereof, for the corresponding per diems authorized by regulations approved by the Board. The officers and employees of any board, committee, agency, instrumentality, public corporation or department of the Commonwealth of Puerto Rico, appointed by the Corporation, who at the time of their appointment were beneficiaries of any retirement system or savings and loan plan shall, after said appointment, continue having the rights, privileges, obligations and status regarding these, as prescribed by the law which covers the officers and employees who hold similar positions in the Commonwealth of Puerto Rico.
History —Aug. 11, 2004, No. 209, § 4.03.