P.R. Laws tit. 21, § 5092
If a taxpayer is undergoing gravely adverse financial circumstances that in the judgment of the Collection Center constitute an undue setback, and provided that the taxpayer request an extension prior to the date the real property tax becomes overdue, this official is authorized to extend the time of payment without imposing surcharges, by granting a payment plan for a term that shall not exceed eighteen (18) months and, in exceptional cases, for an additional period that shall not exceed twelve (12) months. If an extension of time is granted, the Collection Center may require the taxpayer to post a bond for an amount not greater than double the unpaid total of the tax and with those guarantors that in the judgment of the Collection Center are necessary to secure payment of the deficiency according to the terms of the extension of time. Interest shall be collected at a rate of ten percent (10%) per annum in every extension of time granted by this section.
When a bond is not required and the taxpayer fails to meet the terms of the payment plan, he/she shall also be bound to pay the surcharges prescribed by law as of the moment he/she ceases to meet said terms.
History —Aug. 30, 1991, No. 83, § 3.42.