The Commonwealth of Puerto Rico shall honor, by means of budget appropriations made by the Legislative Assembly in the operating budgets of every fiscal year for the next thirty (30) years, beginning in Fiscal Year 2016-2017, the payment of the principal, interest, and any other payment allowed under § 607b-1 of this title related to advances, agreements, obligations and/or loans stated in § 607b-2 of this title, as these are restructured and/or refinanced in accordance with the provisions of this subchapter. For such purposes, the necessary amount to meet the payment of the principal of, interest on, and any other payment related thereto shall be appropriated in the operating budgets of the Commonwealth of Puerto Rico, annually submitted to the Legislative Assembly by the Governor of the Commonwealth of Puerto Rico beginning with the budget of fiscal year 2016-2017. Said budget appropriation shall be made during the necessary period to pay off the same, but such period shall not exceed thirty (30) years. History —Dec. 17, 2001, No. 164, added as § 6 on Feb. 13, 2014, No. 24, § 3.
Puerto Rico Legal Code