P.R. Laws tit. 21, § 683

2019-02-20 00:00:00+00
§ 683. Definitions

The following terms, whenever used in this chapter, shall have the following meanings, except where the context clearly indicates otherwise:

(a) Agency.— Shall mean the Puerto Rico Municipal Finance Agency created by § 684 of this title.

(b) Bond anticipation notes.— Shall mean bond anticipation notes of the Agency issued pursuant to this chapter.

(c) Bonds.— Shall mean the bonds of the Agency issued pursuant to this chapter.

(d) Municipal bond anticipation notes.— Shall mean bond anticipation notes of a municipality issued pursuant to Act Oct. 28, 1954, No. 7.

(e) Municipal bonds.— Shall mean bonds of a municipality secured by ad valorem taxation, without limitation as to rate or amount, on all taxable property within the municipality and issued pursuant to Act Oct. 28, 1954, No. 7 and § 690 of this title and shall be deemed to include interim receipts of any municipality held by the Government Development Bank for Puerto Rico.

(f) Municipality.— Shall mean any municipality of Puerto Rico now existing or hereafter created pursuant to the laws of the Commonwealth that is authorized to borrow money under Act Oct. 28, 1954, No. 7.

(g) Board.— Shall mean the Board of Directors of the Agency.

History —June 30, 1972, No. 29, p. 432, § 3.