(a) The Puerto Rico Planning Board shall be the successor for all purposes of the Puerto Rico Planning Board created by Act No. 213 of May 12, 1942, as amended, pursuant to the provisions of this subchapter, and its members shall hold office until the terms for which they were appointed expire.
(b) There shall be transferred to the Planning Board, to be used for the ends and purposes of this subchapter, all the property or any interest therein; records, files and documents; funds already appropriated or to be made available in the future, including surpluses, assets and credits of any kind; obligations and contracts of any type; and licenses, permits and other authorizations; except those transferred to the Permit Management Office.
(c) The personnel transferred to the Board shall retain all the rights acquired at the time this act becomes effective, as well as the rights, privileges, obligations and status with respect to any existing pension, retirement or savings and loan fund system or systems with which they may be affiliated.
(d) All the orders, regulations, maps, plots, programs, plans, documents, norms, resolutions and rules adopted by the Planning Board created by Act No. 213 of May 12, 1942, which are compatible with this subchapter shall remain in force until they are amended or repealed.
(e) The Chairman of the Board is authorized to transfer to the Bureau of the Budget the records, property, personnel and budgetary appropriations necessary to formulate the Annual Capital Improvements Program which is hereby transferred.
History —June 24, 1975, No. 75, p. 183, § 33, eff. July 1, 1975.