P.R. Laws tit. 29, § 726f

2019-02-20 00:00:00+00
§ 726f. Sale of payment plans

Notwithstanding the provisions of §§ 354 et seq. of Title 13, the payment plan in the State Insurance Fund Corporation as of the effective date of this act may be sold by the latter to private or government institutions at a discount or a premium, safeguarding the best interests of the Commonwealth of Puerto Rico. The State Insurance Fund Corporation shall prescribe through a bulletin, circular letter or other administrative determination the necessary rules to carry out such transactions. The proceeds from the sale of said debt shall be deposited and allocated as provided in § 726e of this title. The State Insurance Fund Corporation shall protect the right of employers with respect to the confidentiality of the information provided in accordance with the code of laws in effect.

History —Jan. 3, 2014, No. 15, § 9; July 15, 2014, No. 91, § 2.