P.R. Laws tit. 13, § 111gg

2019-02-20 00:00:00+00
§ 111gg. GDB reimbursement

(a) The eligible obligor or the petitioner, as applicable, shall reimburse or pay GDB, in full, for GDB’s costs and expenses for amounts paid or agreed to be paid, in preparation for seeking relief under this chapter, including for the payment of financial and legal advisors of the eligible obligor, the petitioner, and GDB (including any retainer advanced to such advisors), before the commencement of a suspension period under §§ 112-112f of this title or of a case under §§ 113-113nn of this title, or in connection with this chapter.

(b) In addition to its reimbursement obligations set forth in subsection (a) of this section, the eligible obligor or the petitioner, as applicable, shall reimburse GDB, in full, for GDB’s:

(1) Costs and expenses (including payments to financial and legal advisors) for services provided by GDB to the eligible obligor or the petitioner, each before and after the commencement of the suspension period under §§ 112-112f of this title or of a case under §§ 113-113nn of this title, or in connection with the prosecution of the rights of the eligible obligor or petitioner under this chapter when GDB has acted through its own attorneys pursuant to subsection (b) of § 111ff of this title; and

(2) outlays incurred each before and after the commencement of the suspension period under §§ 112-112f of this title or the filing of a petition under §§ 113-113nn of this title, in each case, on behalf of the eligible obligor or petitioner for the provision of goods and services paid by GDB and delivered to the eligible obligor or petitioner, and any funds GDB may have provided or provides to the eligible obligor or petitioner, as applicable, that GDB believes are necessary to the performance by the eligible obligor or petitioner of its public functions.

(c) Notwithstanding any other provision of this chapter, the eligible obligor or the petitioner, as applicable, shall reimburse or pay GDB, in full, pursuant to subsections (a) and (b) of this section promptly, but no later than ten (10) business days after GDB’s written request. Amounts owing to GDB as described in this section may not be adjusted as an affected debt instrument under §§ 112-112f of this title or be affected debt under §§ 113-113nn of this title and shall be formalized and incurred in accordance with laws regulating government contracting, except as provided in this chapter. The provisions of §§ 9101 et seq. of Title 3 shall not be applicable to contracts related to services provided in connection with this chapter.

History —June 28, 2014, No. 71, § 134.