P.R. Laws tit. 23, § 3077

2019-02-20 00:00:00+00
§ 3077. Appropriation of funds

The sums authorized herein to be provided by the Commonwealth Treasury to finance debt restructuring and/or refinancing of the Maritime Shipping Authority shall be subject and conditioned to the appropriation of funds by the Legislature in the operating expense budgets beginning in fiscal year 1995—96. The appropriations provided in §§ 3074—3077 of this title shall be used exclusively for the payment of the debt restructuring and/or refinancing of the debts of said Authority and for any other related expense and shall not be used for any other purposes, nor shall they be subject to claims by other creditors of the Authority. The appropriations provided in §§ 3074—3077 of this title shall be in addition to those that are needed to cover operating expenses, if any, of the Authority and for the payment of claims resulting from maritime transportation operations carried out by the same.

History —Sept. 27, 1994, No. 113, § 4.