P.R. Laws tit. 24, § 342o

2019-02-20 00:00:00+00
§ 342o. Advancement of funds; reimbursement

(a) All advances made pursuant to the provisions of this section shall be reimbursed to the Commonwealth General Fund by the Administration within the fiscal year following that when the advance is made; Provided, further, That the Administration shall pay the interest for such advance to the Secretary of the Treasury at the rate to be determined by the latter.

(b) The Secretary of the Treasury of Puerto Rico is authorized to withhold the amounts needed according to the contribution each entity should make for the operation of all those auxiliary medical services, commercial-type services and managerial services rendered by the Administration, for the purpose of recovering proportionately the advances from any appropriations or funds in its power belonging to consumer institutions operating one (1) or more institutions in the Administration.

History —June 22, 1978, No. 66, p. 203, § 16; July 2, 1985, No. 45, p. 160, § 4, retroactive to July 1, 1985.