P.R. Laws tit. 23, § 11063
Notwithstanding any provisions of law to the contrary, and in order to facilitate the attainment projects that this chapter seeks to incentivize, all agencies, public corporations, municipalities, and political subdivisions of the Commonwealth of Puerto Rico are hereby empowered, at the request of the Puerto Rico Industrial Development Company, to assign, transfer, lease, guarantee, pledge, mortgage, lend, donate, or otherwise transfer to the Puerto Rico Industrial Development Company, either for its direct or indirect benefit, any interest, right, or participation that it may hold over any personal or real property including public funds under their jurisdiction or funds that were or may be appropriated from time to time, under reasonable terms and conditions to be used by the Puerto Rico Industrial Development Company in order to achieve the objectives and purposes of this chapter. For such purposes, all agencies, public corporations, municipalities, and political subdivisions of the Commonwealth of Puerto Rico are hereby authorized to enter into any interagency agreement, contract, covenant, or any other type of agreement with the Puerto Rico Industrial Development Company and with any other government entity or private party in order to enforce the provisions of this chapter.
History —Feb. 27, 2014, No. 32, § 7.