P.R. Laws tit. 13, § 39
The Secretary of the Treasury of Puerto Rico is empowered and authorized to sell, with the approval of the Governor of Puerto Rico and when he believes it most advisable for the interests of the Commonwealth of Puerto Rico or necessary in order to obtain funds, any investment that he may have in his possession belonging to “Regular Funds,” “Commonwealth Emergency Fund,” “Special Funds”, and “Trust Funds. ” When it may be necessary and he believes it advisable, he may likewise borrow money on the security of said investments. The Secretary of the Treasury of Puerto Rico shall make the necessary entries in his account books in order to record the corresponding operations.
History —Dec. 7, 1942, No. 33, p. 174, § 5, eff. 90 days after Dec. 7, 1942.