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4528 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Five - Agriculture (§§ 1 — 4706)/
  5. Chapter 102 - General Cooperative Associations Act (2004)sub/
  6. Subchapter X/
  7. 4528
Puerto Rico Legal Code

4528

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The Commonwealth Government and the municipal governments may sell, lease, exchange or otherwise transfer to those cooperatives organized pursuant to the laws of Puerto Rico, real property belonging to said governments without being subject to the requirement of a bid in those cases in which it is a requirement of law, provided that it is for a reasonable price.\nProperty thus acquired, and in the event the cooperative wishes to sell it, shall first be offered for resale to the Government, which shall have thirty (30) days to inform the cooperative of its intention to reacquire said property.\nThe Commonwealth Government and the municipal governments may purchase, lease, exchange or otherwise, obtain goods and services offered or produced by the cooperatives without being subject to the requirement of a bid, in those cases in which it is a requirement of law.\nThe Commonwealth Government and the municipal governments shall exempt cooperatives from the payment of rent for the use of the facilities in the offices of the different agencies, instrumentalities and public corporations.\nHistory —Sept. 1, 2004, No. 239, § 23.3.