P.R. Laws tit. 21, § 5099a
The Center is hereby empowered to execute written payment commitments whereby it commits itself to render ineffective any assessed taxes and additions thereto including civil and criminal penalties which may be applicable to a case with regard to any real property tax levied by law.
(1) General requirements.— Any payment commitment made pursuant to the provisions of this subsection, shall be authorized by the Executive Director or his/her authorized representative, who must justify the reason for granting the payment agreement and provide the following information in the case file:
(a) Amount of assessed tax.
(b) Amount of interest, surcharges and penalties accrued on the taxes levied by law.
(c) Actual amount to be paid, according to the terms of the payment commitment.
(d) Analysis of the taxpayer’s financial situation showing his/her capacity to the amount established in the payment commitment.
(e) Any other document or evidence required by the Executive Director under the rules and regulations to be prescribed by the Board.
(2) In the absence of resources.— The Executive Director, through his/her authorized representative, must evaluate and determine whether the payment commitment is the most adequate method for collecting, if the taxpayer does not have sufficient resources for the payment of the assessed tax, in order to ensure the collection of said tax.
When executing payment commitments where a portion thereof affects the General Fund or the Commonwealth Redemption Fund, the consent of the Secretary of the Treasury must be obtained.
History —Aug. 30, 1991, No. 83, added as § 3.50 on Feb. 15, 1996, No. 9, § 4, retroactive to Aug. 30, 1991.