P.R. Laws tit. 29, § 692
A special fund is hereby created in the Department of the Treasury of Puerto Rico which shall be known as the Chauffeurs and Other Employees Social Security Fund, into which shall be covered all the assessments imposed by this chapter. There shall also be covered into this fund the amounts derived from liquidated damages, costs, attorney’s fees expenses collected through the civil action provided in the preceding section as well as any other income derived from fines, surcharges and interests to be collected or received in accordance with this chapter. There shall also be covered into this fund the interest earned in banks where deposited.
All benefits granted to the insured persons in accordance with the terms of this chapter shall be paid out of this special fund and all the administration expenses of the plan herein established shall also be paid out of this special fund.
After setting aside those amounts allocated for administrative expenses, the Secretary of the Treasury may invest from the Chauffeurs and Other Employees Social Security Fund that amount which, in the judgment of the Secretary of Labor and Human Resources, is not needed for the payment of benefits, covering into said fund the product of the interest earned by said investments. Said amounts may be invested in the same manner and for the same obligations as other monies of the Commonwealth are invested.
History —May 15, 1950, No. 428, p. 1038, § 11; Sept. 15, 1950, No. 32, p. 250, § 1; June 11, 1954, No. 59, p. 322; June 14, 1957, No. 59, p. 137; May 28, 1958, No. 22, p. 26; June 14, 1960, No. 85, p. 151, § 1; June 21, 1971, No. 48, p. 136; renumbered as § 14 on June 18, 1980, No. 149, p. 663, § 14.