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607i — Puerto Rico Law | CourtGPT
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  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part III - Other Financial Institutions/
  6. Chapter 61 - Government Development Bank for Puerto Rico Sub/
  7. Subchapter IV - Debt Refinancing for Governmental Entities § 607 - Negotiation and Execution of Instruments/
  8. 607i
Puerto Rico Legal Code

607i

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Any person who grants financing payable from the General Fund of the Commonwealth of Puerto Rico without the authorization established herein or who grants financing that is inconsistent with the provisions of § 607g-1 of this title shall be personally liable and shall commit a violation of this subchapter. To such effect, said person shall be guilty of a felony entailing penalties of up to three (3) years of imprisonment. History —Dec. 17, 2001, No. 164, § 11; renumbered as § 15 by § 7 and amended by § 5 on Feb. 13, 2014, No. 24.