P.R. Laws tit. 23, § 106
(a) A depositary fund of the Government of the Commonwealth, under the custody of the Secretary of the Treasury, is hereby authorized and created and shall be known as the “Budgetary Fund”.
(b) Commencing in fiscal year 95-96, the “Budgetary Fund” shall be capitalized annually by a sum of not less than one third of one percent (1 / 3 of 1%) of the total Joint Budget Resolution. As of fiscal year 1999-2000, said contribution shall be of an amount not less than one percent (1%) of the total net revenues of the preceding fiscal year. Furthermore, it is hereby ordered that as of fiscal year 1999-2000, all revenues that do not constitute net revenues of the General Fund that are not destined by law for a specific purpose, shall be covered into the Budgetary Fund. The Governor of Puerto Rico and the Director of the Office of Management and Budget, by his delegation, may order that an amount of said funds larger than that specified herein be covered into the Funds from any income of sources whenever he deems it convenient. The maximum balance of said Emergency Fund shall not exceed six percent (6%) of the funds appropriated in the Joint Resolution of the Budget for the year in which such resources are ordered to be covered into the Budgetary Fund.
(c) The Budgetary Fund shall be used to cover appropriations approved for any fiscal year in which the revenues available for said year are not sufficient to address the same, and to honor the payment of the public debt.
(d) The Governor and the Director of the Office of Management and Budget, through delegation of the latter, shall provide the financial resources to the agencies and public corporations, chargeable to the Fund, to meet the obligations of or disbursements by programs with contributions from the United States Government approved and pending receipt, for the payment of capital improvements projects under construction, while the appropriations become effective, and for the payment of determinations of the federal and Commonwealth courts.
(e) The Governor is hereby authorized to order the use of the Budgetary Fund’s resources that are needed to attend to such circumstances.
History —June 18, 1980, No. 147, p. 645, § 6; Aug. 18, 1994, No. 89, § 3; renumbered as § 8 and amended on Aug. 3, 1995, No. 110, §§ 7, 11; Aug. 20, 1997, No. 93, § 1; May 25, 2006, No. 106, § 1, eff. July 1, 2006.