P.R. Laws tit. 28, § 31
(a) The Secretary of Transportation and Public Works may, with the previous approval of the Governor and the Secretaries of the Treasury and of Justice, sell, exchange or pledge the land property of the Commonwealth of Puerto Rico, as well as the buildings under its custody that ceased to be of public utility, provided the transaction will benefit the public interest. Every sale of property acquired by the Commonwealth and assessed by the Secretary of the Treasury at a value of five hundred thousand dollars ($500,000) or more requires the approval of the Legislature. Provided, That those properties whose value does not exceed the amount of one hundred thousand dollars ($100,000) shall not require neither the previous approval of the Governor nor the recommendation of the Secretaries of the Treasury and of Justice. In those cases the sale price shall be the one set by the Secretary of the Treasury, be it through his/her own appraisal or the appraisal of the Department. A property valued at over one hundred thousand dollars ($100,000) cannot be divided, segregated, fractioned, parcelled or in any other way fragmented with the intention of reducing its sales value.
(b) The Secretary of Transportation and Public Works is likewise empowered to direct the lease of lands, buildings or space in buildings under his/her custody owned by the Commonwealth of Puerto Rico whenever necessary or beneficial to the public interest, according to the regulations adopted by the Secretary to that effect.
(c) The provisions of §§ 31—31o of this title notwithstanding, in the case of the sale or transfer of government health installations or facilities owned by the Commonwealth of Puerto Rico, said sales or transfers shall be governed by the provisions of §§ 3301 et seq. of Title 24, known as “The Act to Regulate the Government Health Installations Privatization Process”.
History —Dec. 10, 1975, No. 12, p. 964, § 1; May 27, 1976, No. 63, p. 182, § 2; Dec. 24, 1991, No. 122, § 1; Sept. 5, 1996, No. 190, § 29.