P.R. Laws tit. 13, § 10736
The Secretary of the Treasury, with the advice of the Director of the Housing Financing Authority, shall establish the necessary guidelines for the implementation of the provisions of this chapter through regulations, circular letter, or administrative determination. The regulatory provisions to be amended or adopted in accordance with this chapter shall not be subject to the applicable provisions of the Uniform Administrative Procedures Act, as amended. The Governor of Puerto Rico may, through an Executive Order, extend the term of some or all of the incentives, as well as the periods of time provided in this chapter to option or acquire an eligible property. The extensions may be directed on or before the day after the date of the corresponding term, provided that such extension shall not exceed one (1) year for each period.
The Department of the Treasury shall certify and report to the Office of Management and Budget any income not earned by the Legal Aid Society as a result of the incentives provided by this chapter. The Office of Management and Budget shall appropriate and transfer to the Legal Aid Society the amount corresponding to the stamp fees not collected as provided in §§ 896—899 of this title, and Act No. 244-2004. The Department shall make said transfer on a quarterly basis on the following month after each quarter of the fiscal year.
History —Nov. 21, 2011, No. 226, § 8, retroactive to Nov. 1, 2011.