P.R. Laws tit. 12, § 1261

2019-02-20 00:00:00+00

§ 1261. Commonwealth and its political subdivisions not liable for bonds

The bonds issued by the Authority shall not constitute an indebtedness of the Commonwealth of Puerto Rico nor of any of its political subdivisions, and neither the Commonwealth of Puerto Rico nor any of its political subdivisions shall be liable therefor, and such bonds shall be payable solely out of those funds pledged for the payment thereof.

History —June 27, 1977, No. 121, p. 310, § 10, renumbered as § 11 on June 12, 1978, No. 48, p. 162, § 11.