P.R. Laws tit. 25, § 1966

2019-02-20 00:00:00+00
§ 1966. Creation and duties of the Trust

The “Puerto Rico Police Technological, Professional, and Labor Development Trust”, hereinafter the “Trust”, is hereby created. Such Trust shall constitute a nonprofit, irrevocable, and perpetual entity with independent juridical personality, the main purpose of which shall be to administer the Puerto Rico Police Technological, Professional, and Labor Development Fund.

The Trust shall be in charge of administering the Fund. The Trust shall be responsible for overseeing the appropriation of funds and ensuring that such funds are used in accordance with the purposes of this chapter and the regulations adopted thereunder.

The Trust shall be constituted by means of a public deed executed before a notary public, and the terms and conditions thereof shall include the scope and limitations set forth in this chapter.

History —Aug. 26, 2014, No. 140, § 7, eff. 90 days after Aug. 26, 2014.