P.R. Laws tit. 4, § 1540

2019-02-20 00:00:00+00
§ 1540. Transfers, authorization

The agencies, corporations and public instrumentalities and municipalities are hereby authorized to assign and transfer any property or interest hereon that the Corporation deems necessary or convenient to perform its own ends, to the Corporation at its request, and under reasonable terms and conditions without need of public bidding or other additional formalities, and to grant the corresponding deed.

The Secretary of Transportation and Public Works shall transfer to the Corporation free of charge, those lands of the Commonwealth of Puerto Rico that, in the judgment of the Governor of Puerto Rico, are needed by the Corporation to carry out its ends and purposes. These provisions shall not be interpreted in the sense of authorizing the assignment or transfer of property destined to other purposes by legislative provisions.

The Secretary of Transportation and Public Works shall submit to the Legislature a list of the properties assigned and transferred each year to the Corporation by virtue of the authorization thus granted, and the valuation of each property.

The agencies, corporations and public instrumentalities and municipalities, may likewise place at the disposal of the Corporation such funds, equipment, machinery, personnel, materials and other resources that are needed to jointly carry out any project or activity that is included in the duties imposed by this chapter.

History —Aug. 6, 1991, No. 47, § 21, eff. 30 days after Aug. 6, 1991.