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10424 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Thirteen - Taxation and Finance (§§ 1 — 33423)/
  5. Subtitle 15 - Puerto Rico Industrial Incentives Generally/
  6. Part III - Other Tax Incentives/
  7. Chapter 942 - Green Energy Incentives Act of Puerto Rico Sub/
  8. Subchapter II - Green Energy Investment Incentives § 10422 - Green Energy Fund of Puerto Rico—purpose/
  9. 10424
Puerto Rico Legal Code
(a) In addition to the Special Deposit set forth in § 10423(a) of this title, the Green Energy Fund shall be authorized to request and receive any state or federal funds available for the purposes for which it was created, and may receive funds from donations by private nongovernmental entities engaged in development, promotion, and other purposes related to green energy production, in full compliance with the Ethics in Government Act, §§ 1801 et seq. of Title 3. The definition of 'private nongovernmental entity' shall be provided by the Administration through regulations.(b) RECs processing costs or the fines and penalties imposed by the Administration, as authorized under this chapter, shall also be deposited into the Green Energy Fund. History —July 19, 2010, No. 83, § 2.3.

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