P.R. Laws tit. 13, § 16

2019-02-20 00:00:00+00
§ 16. Dedicated Sales Tax Fund—Scope

(a) None of the provisions of §§ 11a—16 of this title shall be interpreted or applied in such a manner as to undermine the power of the Legislature to impose and collect taxes as provided in Section 2 of Article VI of the Constitution of the Commonwealth of Puerto Rico.

(b) None of the provisions of §§ 11a—16 of this title shall be interpreted or applied in such a manner as to undermine the rights of the holders of bonds or notes that constitute public debt of the Commonwealth of Puerto Rico pursuant to the provisions of Section 2 of Article VI of the Constitution of the Commonwealth of Puerto Rico.

History —May 13, 2006, No. 91, added as § 7 on July 5, 2007, No. 56, § 6; renumbered as § 8 on Jan. 14, 2009, No. 1, § 5.