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10427 — 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. 10427
Puerto Rico Legal Code

10427

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(a) The Administration is hereby empowered to administer the Green Energy Fund of Puerto Rico, which shall oversee the development and implementation of green energy sources initiatives, projects, and programs, as established in this chapter.(b) The Administration shall be charged with the administration of the funds available for each fiscal year to administer and grant the incentives set forth in § 10429 of this title, subject to the supervision of the Evaluating Committee created in § 10428 of this title.(c) The Administration shall be empowered to disclose, market, negotiate, purchase, sell, or otherwise lawfully transfer or assign the ownership of the acquired RECs. History —July 19, 2010, No. 83, § 2.6.