P.R. Laws tit. 25, § 2913

2019-02-20 00:00:00+00
§ 2913. Source of resources

The source of the resources from which the Puerto Rico National Guard Institutional Trust shall carry out the duties entrusted to it by this chapter, are the following:

(a) Initial resources.— The Puerto Rico National Guard Institutional Trust shall have an initial capital that shall originate from a contribution to be made by the concessionaire who operates the post exchanges, canteens and similar services.

(b) Future resources.— The Puerto Rico National Guard Institutional Trust shall have the future resources that shall be provided by the following sources:

(1) The concessionaire shall make an annual contribution equal to three percent (3%) of its gross sales. The Board of Directors may vary said contribution subsequently, taking into consideration the financial situation of said concessionaire.

(2) The concessionaire shall pay rent to the Puerto Rico National Guard Institutional Trust for the use of land, licenses and other facilities that are owned by, or that are or could be in the future, under the usufruct and control of the Trust, for those amounts to be determined by the Board of Directors of the Trust.

(3) The active National Guard members shall make an initial monthly contribution of one dollar and fifty cents ($ 1.50) in order to be entitled to the assistance and benefits granted by this chapter. The contributions shall be withheld from the salary they receive from the Puerto Rico National Guard. Said contribution may be adjusted by the Board of Directors as deemed necessary, after the Trust’s fifth year of operation.

(4) Income from the investment of the reserve funds of the Puerto Rico National Guard Institutional Trust.

(5) Gifts from any natural or juridical person, including the Commonwealth, its municipalities, public instrumentalities and its agencies, and the federal government.

History —July 23, 1991, No. 23, § 5.