P.R. Laws tit. 4, § 1529

2019-02-20 00:00:00+00
§ 1529. Granting of loans

The Corporation is hereby authorized and empowered to promote and collaborate in the concession and granting of loans through the Government Development Bank of Puerto Rico and the Economic Develpment Bank for Puerto Rico, when the total amount of said loans is to be used in promoting the purposes of this chapter. In granting such loans, preference and priority shall be given to government enterprises, to those governed by cooperative organizations, and the special employee-owned corporations, to nonprofit organizations, and those that produce the highest yield in terms of the greater opportunities and benefits that they offer to the participants of the Corporation’s activities and programs.

History —Aug. 6, 1991, No. 47, § 10, eff. 30 days after Aug. 6, 1991.