P.R. Laws tit. 18, § 1455

2019-02-20 00:00:00+00
§ 1455. Accounting of funds

The Administration’s funds shall be in the custody of the Secretary of the Treasury, separate and distinct from any other funds and moneys of the Commonwealth of Puerto Rico, and shall not be subject to a specific fiscal year.

The Administration’s moneys or funds shall be administered in accordance with the regulations promulgated by the Secretary of the Treasury, for such purposes and pursuant to the guidelines provided in this chapter, and shall be subject to any specific requirements of the federal statutes under any agreement with the Administration, or as a condition of any donation. All disbursements drawn against this Fund shall comply with the general or specific rules that are applicable, as determined by the Secretary of the Treasury.

The funds and moneys of the Administration shall be designated exclusively to meet the needs related to the application of this chapter, and their source shall be:

(1) The annual appropriations by the Legislature for the development of the Administration.

(2) The moneys intended by the Government of the Commonwealth of Puerto Rico for the payment of medical and hospital insurance, or for any other purpose in benefit of the Administration.

(3) The moneys allocated by or collected from the federal government for any area of the Administration, which shall be used for the purposes for which they have been legislated or agreed.

(4) The moneys that come from donations made to the Administration by any person, or private or government entity, which shall be used according to the conditions of the donation and the statutes that apply to each case.

(5) The moneys generated by the Administration’s activities, which shall be used pursuant to this chapter.

(6) The moneys arising from any source which the Administration shall receive or have custody of, under any agreement, contract, law or any applicable regulations with force of law.

History —June 23, 1985, No. 1, p. 595, § 23, renumbered as § 21 on Dec. 18, 1991, No. 97, art. 15, § 6; Aug. 6, 1999, No. 224, § 25.