P.R. Laws tit. 23, § 6861
A special fund to be denominated as the “Ports Authority Cruise Ship Industry Incentive Fund” (the “Authority Fund”), is hereby created in the books of the Puerto Rico Ports Authority, to be attached to the Puerto Rico Ports Authority, which shall not have a specific fiscal year. The Authority Fund shall be kept separate from other public funds under the custody of the Puerto Rico Ports Authority. The Authority Fund shall be nourished by the following appropriations:
(a) During Fiscal Year 2011-2012, five million dollars ($5,000,000) from the funds of the Puerto Rico Tourism Company and four million dollars ($4,000,000) to be identified by the Office of Management and Budget as part of the General Budget, subject to compliance with § 6861b of this title.
(b) During Fiscal Years 2012-2013 and 2013-2014, four million dollars ($4,000,000) from the Puerto Rico Tourism Company and five million five hundred thousand dollars ($5,500,000) annually from funds that the Office of Management and Budget has identified in the General Budget, subject to compliance with § 6861b of this title.
(c) The appropriation of funds provided in this chapter and those to be appropriated in the future by the Legislative Assembly to the special fund herein created.
(d) Any other funds donated, transferred, or assigned by the federal or state government, municipalities, or private entities or persons, including the Budgetary Fund created by virtue of §§ 101 et seq. of this title.
(e) The balance in the Authority Fund at the close of each fiscal year shall remain therein and may be used to attain the purposes of this chapter in subsequent fiscal years.
History —July 4, 2011, No. 113, § 3.