A fund is hereby created in the books of the Department of the Treasury of Puerto Rico, to be denominated “Special Benefit Fund for Death in the Line of Duty”, attached to the Department of the Treasury and without a specific fiscal year. The accounting of the financial resources contributed to the Fund shall be separate from any other funds under the custody of the Secretary of the Treasury.
The Fund created by virtue of this section shall be administered by the Department of the Treasury, with the purpose of ensuring the payment of the benefit created by § 380a of this title. It shall be the duty of the Puerto Rico Police Superintendent to notify the Secretary of the Treasury of the beneficiaries that meet the requirements imposed by §§ 376–387 of this title or by regulations created to this effect and the amount to be granted for the Secretary of the Treasury to make the disbursement of said payment.
The financial resources or assets of the Fund shall be used solely and exclusively in activities and commitments, pursuant to the purposes established in §§ 376–387 of this title. The Secretary of the Treasury shall be responsible for submitting a written report to the Ways and Means Committees of the Legislature and to the Governor, on or before March 25 of each year, itemizing the use of the funds provided for by §§ 376–387 of this title.
The Department of the Treasury shall make all provisions and take all measures necessary to ensure the strict compliance [with] this chapter and the Department of the Treasury is authorized to issue the regulations, forms and orders needed for the proper administration of the Fund pursuant to the provisions of §§ 376–387 of this title.
History —June 27, 1958, No. 127, p. 300, added as § 5.2 on Dec. 3, 2003, No. 296, § 2, eff. July 1, 2004.