P.R. Laws tit. 13, § 8
The money so covered into the Fund shall be used to defray personnel expenses, improvement of employees, and expenses of any other nature which the Office of the Commissioner of Financial Institutions may incur to carry out and strengthen the activities referred to in § 7 of this title. On October 31 st and April 30 th of each year, the sum of five hundred fifty thousand dollars ($550,000) shall be transferred from the Fund herein created to the Secretary of the Treasury, for a total of one million, one hundred thousand dollars ($1,100,000) a year. Twenty percent (20%) of the Fund balance at the close of each fiscal year shall be allocated to a reserve fund which shall be increased until it reaches the sum of one hundred thousand dollars ($100,000) and any amount in the Fund in excess of one million dollars ($1,000,000) shall be transferred annually to the General Fund. Provided, That any deficiency in the Fund during any year in which the expenditures exceed the revenues shall be covered from the reserve. The used portion shall be paid back from the balance, if any, the following year or years. For Fiscal Year 2011-2012, the sum of six million, seven hundred fifty-two thousand dollars ($6,752,000) shall be transferred from this Fund to the 2011-2012 Budget Support Fund. Provided, further, That, for Fiscal Year 2013-2014, the sum of fifteen million dollars ($15,000,000) shall be transferred from this Fund to the 2013-2014 Budget Support Fund. Moreover, for Fiscal Year 2014-2015, the sum of sixteen million dollars ($16,000,000) shall be transferred from this Fund to the Legal Liability Fund.
Provided, further, That for Fiscal Year 2015-2016, the sum of twelve million dollars ($12,000,000) in account number 0750000-238-081-1998 of the Department of the Treasury’s accounting system shall be transferred from this Fund to the “Special Education Student’s Therapy and Service Fund”, created by Act No. 73-2014. Provided, further, That for Fiscal Year 2016-2017, the sum of two million, five hundred thousand dollars ($2,500,000) in account number 0750000-238-081-1998 of the Department of the Treasury’s accounting system, shall be transferred from this Fund to the “Special Education Students Service and Therapy Fund” created by Act No. 73-2014. Provided, further, That for Fiscal Year 2016-2017, the sum of five million dollars ($5,000,000) shall be transferred from account number 0750000-238-081-1998 or any other account created for the same purposes in the Department of the Treasury’s accounting system to the “Elections Support Fund”.
History —Apr. 9, 1976, No. 20, p. 48, § 2; June 7, 1977, No. 55, p. 119, § 1; May 6, 1988, No. 27, p. 113, § 1; July 1, 2011, No. 111, § 1; June 30, 2013, No. 43, § 5, eff. July 1, 2013; July 1, 2014, No. 78, § 2; July 2, 2015, No. 105, § 6; July 22, 2016, No. 81, § 3.