P.R. Laws tit. 21, § 5005

2019-02-20 00:00:00+00
§ 5005. Prior-lien bond

The provisions of §§ 5002–5008 of this title regarding the payment of principal and interest on general obligations of the Government of Commonwealth of Puerto Rico and of the municipalities, evinced by bonds or notes, will be considered to be a prior lien bond and the same will constitute sufficient authorization for the Government Development Bank for Puerto Rico to carry out the corresponding [distributions] pursuant to this part.

History —Aug. 30, 1991, No. 83, § 2.05.