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16 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Thirteen - Taxation and Finance (§§ 1 — 33423)/
  5. Subtitle 1 - Governmental Finances/
  6. Chapter 1 - Treasury Funds and Accounts § 4 - Penitentiary Carpenter Shop Excepted; Revolving Fund/
  7. 16
Puerto Rico Legal Code

16

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(a) None of the provisions of §§ 11a—16 of this title shall be interpreted or applied in such a manner as to undermine the power of the Legislature to impose and collect taxes as provided in Section 2 of Article VI of the Constitution of the Commonwealth of Puerto Rico.(b) None of the provisions of §§ 11a—16 of this title shall be interpreted or applied in such a manner as to undermine the rights of the holders of bonds or notes that constitute public debt of the Commonwealth of Puerto Rico pursuant to the provisions of Section 2 of Article VI of the Constitution of the Commonwealth of Puerto Rico. History —May 13, 2006, No. 91, added as § 7 on July 5, 2007, No. 56, § 6; renumbered as § 8 on Jan. 14, 2009, No. 1, § 5.