P.R. Laws tit. 13, § 354d
(a) A special fund, separate and independent from all other funds of the Treasury of Puerto Rico, called the “Special Tax Receivable Fund”, (hereinafter, the “Fund”) is hereby created, to be administered by the Government Development Bank. All moneys, payments or revenues received or collected by the Secretary of the Treasury on account of tax receivables, including penalties, surcharges and interest, which have been the subject of a sale or transfer under the provisions of this chapter, shall be directly covered into the Fund upon receipt and shall not be covered into any other fund of the Treasury of Puerto Rico.
(b) The moneys deposited in the Fund shall be used to make payments to eligible persons who bought or acquired the right to receive payments on account of tax receivables or any interest thereon, to match the receipt of such payments. However, to the extent in which services to support or assist in the collection of such tax receivables have been contracted, an agreement may be arranged with the providers of such services as to a commission based on the total amount collected or a fixed amount which may be paid from the moneys deposited in the Fund before any other disbursement is made.
(c) If after all payments required have been made to eligible persons who bought or acquired the right to receive payments on account of tax receivables or any interest thereon and to the service provider, if any, any moneys remain deposited in the Fund, said moneys shall be transferred to the General Fund of the Treasury of Puerto Rico.
History —July 20, 2008, No. 125, § 7.