(a) Collections by the Department shall be covered into a special account called Special Fund of the Sports and Recreation Department, under the custody of the Secretary of the Treasury, which shall be preferentially used to defray expenses for recreation and sports programs and services. Furthermore, they may be used to defray expenses of administration, conservation and development of recreational and sports installations and for the purchase and sale of real property. The existing balances in the accounts corresponding to the different collections shall be reprogrammed in agreement with the collections mentioned previously.
(b) The High Performance Athletes Trainers Fund is hereby created, in the books of the Department of the Treasury, as a special fund, determined and separate from any other money or fund from the Government of the Commonwealth of Puerto Rico, which shall be administered in agreement with the rules established for similar funds and shall be used for study courses and training scholarships, and for hiring technicians and trainers to prepare and to train high performance athletes to represent us in high ranking international sports events. The Fund shall be supplied with appropriations provided by the Legislature and with any other money donated, transferred or ceded by any private person or entity, or of the federal, Commonwealth or municipal government.
(c) The remainder of funds that by June 30 of each year has not been used and committed for the established purposes shall be reprogrammed in the same Fund for the following fiscal year.
History —Jan. 8, 2004, No. 8, § 8, eff. 120 days after Jan. 8, 2004.