P.R. Laws tit. 7, § 253b
The Judicial Branch, through the Chief Justice of the Supreme Court, or the Courts Administrative Director, if delegated by him, may sign agreements with any bank designated as depositary of public funds to agree on the interest that it shall receive for the funds deposited in bank accounts, which may exceed the interest fixed in the contracts negotiated pursuant to §§ 253 and 253a of this title and any other conditions, services or actions directed at improving the services that the Judiciary Branch renders to the citizenry, related to the handling of funds. Said agreements shall guarantee that the liquidity and solvency of the Judicial Branch shall be put at risk.
With respect to public funds, the proceeds of said interest may be deposited by the Judicial Branch in special separate accounts in the banking institutions of its choice that are covered by this chapter. In the case of interest on other funds that are in its custody, which are deposited in any type of bank account, the Judiciary Branch, through regulations adopted by the Chief Justice of the Supreme Court or the Courts Administrative Director, if delegated on him, may determine the reasonable share of those interest that may be deposited in the abovementioned special accounts to cover expenses and other liabilities incurred by said Branch for services rendered in the receiving, accounting, control, custody and delivery of these deposits, and to contribute for the financing of its special projects.
The Department of the Treasury shall continue to receive the resources produced by the deposits considered herein, based on the interest agreed upon of 1/20 of one percent (1%) per annum in current accounts. The negotiable excess shall become part of the Judiciary Branch.
The funds thus deposited shall be used by the Judiciary Branch through the Chief Justice of the Supreme Court or the Courts Administrative Director if delegated on him, to cover the expenses of its special projects.
The Judiciary Branch shall submit a report annually to the Legislature on the use and disposal of funds that are the product of the negotiations established herein.
The interest received and deposited pursuant to the provisions of this section shall not be destined to defray regular and operating expenses. The remainder of said funds in each fiscal year may be used by the Judiciary Branch in following fiscal years with the limitation indicated herein.
The funds generated pursuant to the provisions of this section shall be used for special projects, and therefore, shall not impair in any way, the appropriation of funds in following years for the regular operating expenses of the Judiciary Branch.
History —Aug. 14, 1991, No. 69, § 3.3.