P.R. Laws tit. 23, § 263h
The Fund is hereby authorized to borrow money from the Government Development Bank or any other financial institution, up to a maximum of five million dollars ($5,000,000) at an interest rate that does not exceed the maximum legal rate. The Legislature shall appropriate to the Fund annually, from funds of the Treasury of Puerto Rico, the amounts necessary to cover the payment of principal and interest of the obligations authorized herein and incurred, to comply with the purpose of this chapter. Provided, That, upon making payment of securities granted, the Fund shall first use for such payment the accumulated income obtained from the fees for issuing of the security. If the accumulated income is insufficient, the Company shall transfer to the Fund those amounts necessary to cover such a deficiency from its accumulated surplus. If, at the moment, the Company does not have sufficient accumulated surplus available to cover such a deficiency, then, the Fund may incur the obligation authorized herein and require the Director of the Office of the Management and Budget of the Commonwealth of Puerto Rico, through certification, to include the amount necessary for the payment of principal and interest of said obligation up to the maximum amount authorized herein, in the general expense budget for the next fiscal year.
History —July 9, 1985, No. 97, p. 313, § 9.