P.R. Laws tit. 13, § 82c
(a) In order to comply with the limitation of the interest rate established in § 56 of this title, the effective rate of interest corresponding to the obligations, or any portion thereof, of the Commonwealth, that provide for the payment of interest at a non-fixed rate for the term of said obligations or portions thereof, in relation to which a qualified interest rate exchange agreement is in effect that provides for the payment of a fixed rate by the Commonwealth, shall be the interest rate specified in said agreement.
(b) In order to comply with the limitation of the interest rate established in § 56 of this title, the effective rate of interest corresponding to the obligations, or any portion thereof, of the Commonwealth, that provide for the payment of interest at a fixed rate for the term of said obligations or portions thereof, in relation to which a qualified interest rate exchange agreement is in effect that provides for the payment of a non-fixed rate by the Commonwealth, shall be computed according to the rules indicated in said § 56.
History —Aug. 1, 2005, No. 39, art. 3, § 4.