P.R. Laws tit. 12, § 1260
No official, member, agent or employee of the Authority, the Commonwealth of Puerto Rico or any local agency shall have any direct or indirect interest in any contract with the Authority, or in the sale of real or personal property to the Authority, to be used for any project; Provided, however, That this section shall not apply to any interest which the Authority may determine is so small as not to fall within the purview of the purpose of this section. If such official, member, agent or employee should have any interest in real property acquired prior to the determination of the location of any project, such interest shall be informed immediately to the Authority and evidence of it shall be set forth in the minutes of the Board of Directors of the Authority and the official, member, agent or employee having such interest therein should not participate in behalf of the Authority in its acquisition of said property.
Provided, That any official, member, agent or employee of the Authority who violates the provisions of this section shall be discharged from his position and, in addition, if found guilty and convicted of a felony, shall be subject to a fine that shall not exceed $5,000 or imprisonment for a maximum term of five (5) years, or both penalties in the discretion of the court.
History —June 27, 1977, No. 121, p. 310, § 9, renumbered as § 10 and amended on June 12, 1978, No. 48, p. 162, § 10.