P.R. Laws tit. 21, § 5825
2019-02-20 00:00:00+00
The debt assumed by the Center pursuant to what is stated above shall constitute a legal obligation of said body with the Government Development Bank or the financial institution chosen by the Center in representation of the municipalities, and shall be secured by the payment flow convened with the corresponding municipalities. This shall be stated in the financing documents executed for the granting of the loan.
History —Jan. 26, 2000, No. 42, § 5.