P.R. Laws tit. 22, § 227h
(a) For the purpose of continuing the General Program of Rural Electrification that, as a public service for the development of the economy of Puerto Rico is being rendered by the Electric Power Authority to the Commonwealth of Puerto Rico, the said Authority is hereby authorized to construct new electric distribution lines in the rural district of our Island.
(b) The costs incurred in 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 hereinafter provided, and taking into consideration the expenses incurred for such reason, and the income to be derived from the operation of the new electric distribution lines constructed by the Authority in the rural district; Provided, That said payments shall not extend over 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 during any one fiscal year shall not exceed, nine hundred seventy-five thousand dollars ($975,000), it being provided, finally, that to determine the annual amount of such payments there shall be applied the formula contained in the contract between the Authority and the Secretary of Agriculture in representation of the Commonwealth which was executed on February 5, 1959, effective July 1, 1958, under the mandate of §§ 227a—227d of this title, relative to rural electrification.
(c) The Electric Power Authority is hereby authorized on and from fiscal year 1974, and subsequent fiscal years to withhold five percent (5%) from its gross income that it annually sets aside, in accordance with § 212(b) of this title, those amounts of money that may be necessary to make the payments referred to, in subsection (b) of this section. Such withholding of funds shall be in addition to, and shall enjoy the same priority as the withholding of funds authorized under § 1 of Act No. 46 of June 4, 1960, in connection with Rural Electrification Projects authorized by Acts No. 191 of May 2, 1952, No. 26 of May 6, 1955, and §§ 227a—227d, 227e and 227g of this title.
(d) Should the sum set aside by the Electric Power Authority in accordance with § 212(b) of this title be insufficient during any fiscal year including fiscal year 1974, to satisfy the payments referred to subsection (b) of this section, the Secretary of the Treasury shall cover the deficiency from any unencumbered funds available in the Commonwealth Treasury, and said funds are hereby appropriated for said purposes.
History —July 23, 1974, No. 174, Part 2, p. 15, §§ 1—4.