P.R. Laws tit. 17, § 867
The Commonwealth of Puerto Rico hereby secures the payment of principal and interest on the debenture bonds issued by the Agency for the purposes authorized in this chapter, for a total principal sum which shall not exceed five million dollars ($5,000,000.00). The debenture bonds to which this mortgage guaranty is to be applied shall be those specified by the Agency, and a declaration of such guaranty shall be stated on the face of said bonds. If at any time the amount of money deposited in the Fund’s account which is obligated for the payment of the principal and interest on such debenture bonds, is not sufficient to pay said principal and interest upon maturity, the Agency shall draw, upon any of its unencumbered funds those amounts needed for the payment of the principal and interest due and shall order that said amounts be deposited in the Fund. If such amounts are not sufficient to pay such principal and interest at their maturity, the Secretary of the Treasury shall draw upon any available funds in the Treasury of Puerto Rico those amounts needed to cover the deficiency in the amount required to pay such principal and interest and shall order that such amounts thus drawn be applied to such payments. The good faith and credit of the Commonwealth of Puerto Rico are hereby pledged to make such payments.
History —July 26, 1995, No. 86, § 7.