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1152 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Fifteen - Sports and Parks (§§ 1 — 2020)/
  5. Subtitle 2 - Olympic Sports/
  6. Chapter 105/
  7. 1152
Puerto Rico Legal Code

1152

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The following terms shall have the meanings indicated hereinbelow, unless some other meaning is clearly understood or inferred from the context.\n(a) The Olympic Trust. — Means the Permanent Fund for the Administration, Operation, and Development of Assets Destined for the Olympic Movement in Puerto Rico.\n(b) The Board of Trustees. — Means the Board of Trustees of the Olympic Trust.\n(c) YMCA. — Means the Young Men’s Christian Association.\n(d) Casa Olímpica. — Means the building formerly housing the YMCA.\n(e) The Administration. — Means the Public Land Administration of the Commonwealth of Puerto Rico.\n(f) Controller. — Means the Controller of the Commonwealth of Puerto Rico.\n(g) Trustee. — Means a member of the Board of Trustees of the Olympic Trust.\n(h) COPUR. — Means the Puerto Rico Olympic Committee.\n(i) [IOC]. — Means the International Olympic Committee.\n(j) Operating expenses. — Means those charges, salaries, remunerations, commissions, and other similar expenses that are necessary or appropriate to operate and administer the Olympic Trust and Casa Olímpica Fund.\n(k) Income.

eans those charges, salaries, remunerations, commissions, and other similar expenses that are necessary or appropriate to operate and administer the Olympic Trust and Casa Olímpica Fund.\n(k) Income. — Means the income computed pursuant to the generally accepted accounting principles in effect in the United States and Puerto Rico, regardless of profits or losses.\n(l) Governor. — Means the Governor of the Commonwealth of Puerto Rico.\n(m) Legislature. — Means the Legislature of the Commonwealth of Puerto Rico.\nHistory —June 12, 1992, No. 12, § 2.