P.R. Laws tit. 28, § 267

2019-02-20 00:00:00+00
§ 267. Cession of property—By municipalities and subdivisions; acceptance by Authority or subsidiaries; powers

Notwithstanding any provision of law to the contrary, all the municipalities and political subdivisions of Puerto Rico are hereby authorized to cede and transfer to the Authority, at the request of the latter and upon reasonable terms and conditions, any real property or estate thereon (including real estate already devoted to the public use) which the Authority may deem necessary or advisable to carry out its purposes.

(a) The Land Authority or any of its subsidiary corporations may accept and receive from any agency, department, public corporation, board, commission, dependency, instrumentality, municipality, or any other political subdivision or any other part of the Commonwealth of Puerto Rico any land, real property, property, equipment, materials, supplies, project, operation, activity, program, enterprise, funds, personnel, credits, obligations, contributions, or any other aid, effects or things, through purchase, assignment, transfer, exchange, lease, devise or bequest, gift, or otherwise, and may do everything necessary to carry out such transactions when necessary and advisable to carry out its purposes; and the other agencies or parts above mentioned and any other parts involved in such transactions are hereby authorized to carry out such transactions and to do everything necessary so that the same be executed.

History —Apr. 12, 1941, No. 26, p. 388, § 13; June 27, 1958, No. 131, p. 315, § 7.