P.R. Laws tit. 22, § 227e
(a) For the purpose of accelerating the Rural Electrification Program which, as a public service for the development of the economy of Puerto Rico in the rural district is being rendered by the Electric Power Authority to the Commonwealth of Puerto Rico, said Authority is hereby authorized to construct new electric power distribution lines in the rural district of our Island.
(b) The cost of the construction, repair, maintenance and operation of the facilities and properties of the Electric Power Authority in relation with the Rural Electrification Program shall be paid annually to said Authority by the Commonwealth in the manner hereinbelow provided and taking into consideration the expenses incurred on that score and the income to be derived from the operation of the new electric power distribution lines constructed by the Authority in the rural district; Provided, That said payments shall not extend beyond a period of thirty (30) years after the construction of said lines and that the total sum to be paid by the Commonwealth to the Authority in any one fiscal year shall not exceed nine hundred fifty-five thousand dollars ($955,000); Provided, finally, That to determine the annual amount of such payments there shall be applied the formula contained in the contract executed between the Authority and the Secretary of Agriculture, in behalf of the Commonwealth, on February 5, 1959, effective July 1, 1958, by mandate of §§ 227a—227d of this title, relative to rural electrification.
(c) The Electric Power Authority is hereby authorized to withhold, on and after the fiscal year 1963 and in succeeding fiscal years, from the five (5) percent of its gross income which it annually sets aside by virtue of § 212(b)(1) of this title, such sums as may be necessary to make the payment to which subsection (b) of this section refers. Such withholdings of funds shall be in addition to and shall enjoy the same priority of the withholdings of funds authorized under § 1 of Act No. 46 of June 4, 1960, with relation to the rural electrification projects authorized under Acts No. 191 of May 2, 1952, No. 26 of May 6, 1955, and §§ 227a—227d of this title.
(d) Should the sum set aside by the Electric Power Authority pursuant to § 212(b)(1) of this title, be insufficient in any one fiscal year, including fiscal year 1963, to cover the payments to which subsection (b) of this section refers, the Secretary of the Treasury shall cover the deficiency from any unencumbered funds available in the Commonwealth treasury and which are hereby appropriated for said purposes.
History —May 29, 1963, No. 30, p. 76, §§ 1—4.