P.R. Laws tit. 12, § 1235

2019-02-20 00:00:00+00
§ 1235. Financial resources; tax-deductibility

The Program shall be supported by legislative appropriations and other sources provided by laws or regulations, as well as from any funds received as contributions from private sources. Any donation to the Program made by an individual, corporation or partnership shall be deductible for tax purposes, subject to the provisions of the Income Tax Act in effect.

The income and interest derived from the investment of the moneys of the Program shall become a part of the economic resources thereof. Any balance remaining in the Program at the end of a fiscal year shall be kept in the Program to be used in any fiscal year.

History —Aug. 4, 1988, No. 150, p. 636, § 11.