P.R. Laws tit. 28, § 247
The Authority is created for the purpose of carrying out the agricultural policy of the Commonwealth of Puerto Rico as determined in §§ 241 et seq. of this title, and to take the necessary action to put an end to the existing corporative latifundia in this Commonwealth, block its reappearance in the future, insure to individuals the conservation of their land, assist in the creation of new farmers, facilitate the utilization of land for the best public benefit under efficient and economic production plans, including the industrial processing of agricultural products; provide the means for the agregados and slum dwellers to acquire parcels of land on which to build their homes, and to take all action leading to the most scientific, economic and efficient enjoyment of land by the Commonwealth of Puerto Rico; Provided, That none of the provisions of §§ 241 et seq. of this title are to be construed as limiting the right of the Land Authority of Puerto Rico or of the organizations, entities, or agents created or authorized by it to carry out the purposes mentioned in the preceding paragraph to hold, control, possess, use and develop agricultural lands with an area in excess of 500 acres.
History —Apr. 12, 1941, No. 26, p. 388, § 7; May 11, 1942, No. 197, p. 996, § 2; Apr. 4, 1946, No. 271, p. 570.