P.R. Laws tit. 23, § 5055
A capital fund is hereby created for investments in and the development of the District, with no restrictions on the nature of the projects established by Act No. 3 of October 8, 1987. The fund shall receive appropriations from the Government of the Commonwealth, other public funds, including, among others, capital improvements, other state, federal and municipal funds, public corporations, departments and other public instrumentalities appropriated or obtained thereto, and from contributions made thereto by private sector individuals and entities. This fund shall be administered by the Board of Directors of the Corporation, which may solicit, accept and receive capitalization contributions donated thereto and may also receive capitalization funds from any natural or juridical person, and any private or government entity, that are covered into the Fund. The Board of Directors shall render a report on the uses and projects carried out with said funds to the Governor and to both Legislative Chambers on or before March 31 of each year.
The Office of Management and Budget is hereby directed to transfer to the Fund the full amount of items budgeted for the development of the ENLACE Project appropriated to the public agencies (as defined in this chapter), except for the municipalities. The Highway and Transportation Authority is hereby authorized to transfer to the Fund the budgeted items intended for the development of the ENLACE Project.
Annual recurring appropriations to be charged against the General Fund shall be appropriated to the Fund for the Development of the Martín Peña Canal ENLACE Project, which shall be made in accordance with the work plan and budget presented by the Corporation and to the extent that the Corporation justifies the use of the monies from year to year. Said appropriations shall be contemplated in the General Expense Budget of the Government.
The full amount of the monies covered into the Fund shall be used for the purposes provided by this chapter.
History —Sept. 24, 2004, No. 489, § 26.