P.R. Laws tit. 28, § 591

2019-02-20 00:00:00+00
§ 591. Title VI Fund, Trust Fund

There is created a trust fund which shall be known as “Title VI Fund, Trust Fund” which shall be under the custody of the Secretary of the Treasury, who shall keep it specially separated from other public funds under his custody and same shall be composed of the following items:

(a) The funds corresponding to Title VI of those hereby transferred from the so-called “Fifth and Sixth Title Fund, Trust Fund” which hereinafter shall be known as the “Fifth Title Fund, Trust Fund”.

(b) The remainder of the appropriations made by the Legislative Assembly of Puerto Rico to assimilate the discontinued Homestead Farm Program.

(c) The payments received under usufruct contracts, as well as the interest same may earn, in relation to farms of Title VI and all those revenues derived from the discontinued Homestead Farm Program.

(d) All the monies collected by reason of rentals of usufruct or lease, interest, sale of forest or agricultural products, sale of personal or real properties and/or any other revenues connected with the farms of Title VI or of Homestead Farm.

(e) The appropriations that the Legislative Assembly of Puerto Rico may make for the purpose of this title.

History —Apr. 12, 1941, No. 26, p. 388, added as § 79-K on Dec. 7, 1966, No. 5, p. 24, § 1.