P.R. Laws tit. 23, § 3223

2019-02-20
§ 3223. Budget

(a) In order to comply, formalize and conduct all procedures or acquisitions needed for exercising the powers and obligations conferred by this chapter or by any other related law of the Legislature of Puerto Rico or the United States Congress within the specified time limits, the Government of Puerto Rico, its dependencies, instrumentalities and political subdivisions shall develop strategies and take steps for financing and/or defraying any costs related to this chapter, by participating in programs that provide federal funds, developing strategic alliances with the national security agencies, or allowing private investments.

(b) For compliance with this chapter, the credit or power to levy taxes of the Commonwealth of Puerto Rico or of any of its political subdivisions shall not be pledged nor made liable for the payment of the principal of any loans, guarantees or bonds issued by any entity, nor shall any public funds of the General Budget approved by the Legislature be used, unless every possibility of federal funding and/or private funds has been previously consumed or exhausted, and it can thus be documented.

History

—Feb. 18, 2008, No. 12, § 3.