P.R. Laws tit. 25, § 2921
No officer, member, agent or employee of the Puerto Rico National Guard Institutional Trust, or any public corporation, municipality, federal or Commonwealth government agency, may have a direct or indirect interest in any contract with this Institutional Trust, or in the sale of real property or chattels destined therefor or to be used in any project; if said official, member, agent or employee has an interest in the real property acquired prior to the determination of the location of any project, such interest shall be immediately reported to the Puerto Rico National Guard Institutional Trust and a reference thereto shall be left upon the minutes of the Board of Directors, and the official, member agent or employee who holds such interest shall not participate in representation of the Trust in the acquisition of said property.
Provided, further, That any official, member, agent, or employee of the Trust who violates the provisions of this section, shall be removed from office, and upon conviction shall be guilty of a felony, and subject to imprisonment for a fixed term of three (3) years. If there are aggravating circumstances, the fixed term may be increased to a maximum of five (5) years; if there were extenuating circumstances, the penalty may be reduced to one (1) year. The court, at its discretion, may impose an additional penalty of a fine that shall not exceed three thousand dollars ($3,000).
History —July 23, 1991, No. 23, § 13.