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656 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Seventeen - Housing (§§ 1 — 1546)/
  5. Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets § 651 - Definitions/
  6. 656
Puerto Rico Legal Code

656

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The subsidy shall be readjusted every two (2) years in accordance with the below-described schedule taking as a basis the initial subsidy, or that is, the initial subsidy equal to one hundred percent (100%):First and Second Years 100.00% Third and Fourth Years 88.57% Fifth and Sixth Years 76.78% Seventh and Eight Years 63.78% Ninth and Tenth Years 49.44% Eleventh and Twelfth Years 33.64% Thirteenth and Fourteenth Years 16.22% Fifteenth Year 0.00% History —July 5, 1973, No. 10, p. 771, § 6.