P.R. Laws tit. 21, § 4309

2019-02-20 00:00:00+00
§ 4309. Budgetary readjustments

Without prejudice to the provisions of this subtitle, by proposal of the mayor, the Legislature may authorize readjustments to the general expenses budget of the municipality, with the surplus remaining as cash on hand as of June 30 of each year, after the budget is closed and the debts chargeable to said balance have been met. The budget may also be readjusted with the revenue from former years collected after July 1, resulting as available surplus, as well as with revenues proceeding from the leasing of public sites or facilities for the celebration of patron saint feast days, and with the largest net profit in the local revenue accounts which have had an increase over the estimates thereof in any fiscal year.

The Secretary of the Legislature shall remit to the Commissioner certified copies of the ordinances or resolutions authorizing readjustments to its budget not later than five (5) days following the date of their approval.

History —Aug. 30, 1991, No. 81, § 7.009; Oct. 29, 1992, No. 84, § 33.