P.R. Laws tit. 21, § 686
The Agency is authorized to purchase municipal bonds or municipal notes on bond anticipation with any funds of the Agency available for such purpose, at public or private sale for such price and on such terms as it shall determine. The Agency may pledge to the payment of the interest on and the principal of any bonds or bond anticipation notes of the Agency all or any part of the municipal bonds or municipal notes on bond anticipation purchased, including principal and interest collected thereon as they shall become due. The Agency may also, subject to any such pledge, sell any such municipal bonds or municipal notes on bond anticipation so purchased, and apply the proceeds of such sale for such purpose or purposes and in such manner as shall be determined by any resolution authorizing the issuance of bonds or bond anticipation notes of the Agency.
History —June 30, 1972, No. 29, p. 432, § 6; June 7, 1973, No. 115, p. 467, § 2.