The Emergency Officer may resort to the provisions of §§ 111 et seq. of Title 13, known as the 'Puerto Rico Public Corporation Debt Enforcement and Recovery Act', provided, that he/she notifies the President of the Bank in advance. In such case, the Emergency Officer shall prove that there is no viable Fiscal and Operational Plan to satisfactorily address the Fiscal and/or Operational Emergency of the HTA and/or the ITA within a reasonable period of time or that the Fiscal and Operational Plan adopted may not be effectively implemented to satisfactorily address the Emergency.\nHistory —Jan. 15, 2015, No. 1, § 3.09.
Puerto Rico Legal Code