Temporary or emergency rates may only be adopted for a period of one hundred and eighty (180) days, or while the circumstances which motivated the emergency prevail, and, in any case, they shall be in accordance with the procedures provided hereinbelow:
(a) When the change in rates is temporary or due to an emergency, a notice shall be issued to the public through the communications media before the rates become effective, apprising of the change or modifications in rates, and explaining, in general terms, the reasons or emergency situation for such determination.
(b) In every case that a temporary raise is decreed, the instrumentality involved shall issue a detailed report explaining the grounds or circumstances which brought about said decision. Said report shall be made available to the public in an accessible place no later than ten (10) days before the date set for the beginning of the public hearings that shall be held pursuant to this chapter.
(c) When a temporary or emergency raise is decreed, public hearings will be held to consider said raise or change, within thirty (30) days following the effective date thereof. If the public hearings do not begin within the indicated term, the temporary or emergency raise shall not be effective nor valid. In these cases, the notice of public hearings, the holding of the hearings and the decision of the examining official shall be ruled by the provisions established in § 261b of this title.
History —May 31, 1985, No. 21, p. 67, § 4.