P.R. Laws tit. 13, § 10116a
The moneys collected in respect of the excess of the ten percent (10%) or the fifteen percent (15%) maximum tax by virtue of the provisions of this part, shall be covered into the Special Fund created by the “Act to Impose the Supertax of 2006”, including matters relative to the authorization granted to the President of the Government Development Bank in respect of the use of said Fund, as well as the corresponding limitations, as applicable; Provided, further, That in the event that the Fund pays in full the debt contracted with the Government Development Bank on account of the resources facilitated to the Secretary of the Treasury to cover operating expenses of the Central Government for fiscal year 2005—2006, the excess shall be appropriated to service the debt existing as of June 30, 2006, with the Teachers’ Retirement System and the Retirement System of the Employees of the Commonwealth, and any additional excess, to defray the costs of early retirement plans of the Retirement System of the Employees of the Commonwealth. In the event that the money collected under this part, as well as under any other legislation providing funds for these same purposes, does not suffice to repay the advance granted by the Government Development Bank, this fund insufficiency shall be covered by the Urgent Interest Fund, as defined by law and which shall be an integral part of the Tax Reform proposal under Joint Resolution No. 321 of November 21, 2005.
History —Dec. 2, 1997, No. 135, added as § 17A on May 13, 2006, No. 88, § 2.