P.R. Laws tit. 22, § 372
The Authority shall, with regard to every water right or concession appertaining to any tract of land which has been heretofore or may hereafter be assigned or conveyed to the Commonwealth of Puerto Rico, determine its exact equivalence in value, stated in acre-feet, per annum, reasonably distributed throughout the year; Provided, however, That in no case shall the equivalence fixed for any water right or concession of this kind be greater than the quantity of water granted and profitably used by virtue of the aforesaid water right or concession as the same was originally granted, or may be construed, or is legally limited.
The Authority shall then determine the basis for the computation of the credits to be allowed to the account of each water right or concession that has been assigned, appertaining to land included in the Irrigation District, against the taxes levied on such land, complying in every sense with the clauses of the contract, if any, for the assignment of said water right or concession, and giving due consideration, when determining the basis for the said computation, to the conditions of the contract of assignment, and to the extent to which the said water right or concession has been actually assigned. The Authority shall compile a report of its conclusions with regard to the aforesaid basis for the computation of the credits on taxes, setting forth in each case the percentage of said credit in proportion to the tax, which, were it not for such credit, would correspond to the lands to which the said water rights or concessions belong. Should there be any objection on the part of any aggrieved owner, the latter may, within the term of sixty (60) days after service on him of notice of the decision of the Authority, appeal to the Court of First Instance of Puerto Rico. The latter’s decision may be appealed from to the Supreme Court by any of the parties.
History —June 10, 1953, No. 65, p. 182, § 12.