Every owner who is adversely affected or harmed by any action of the Executive Director denying a duly-filed application for the benefits of this chapter, or revoking and canceling a credit certificate pursuant to the provisions of this chapter, once the remedy provided in § 10632 of this title has been exhausted, shall be entitled to a judicial review thereof according to the terms and conditions established by the regulations to be promulgated by the Authority to such effects, pursuant to the provisions of §§ 2101 et seq. of Title 3, as amended. During the filing of the judicial review, the Executive Director is hereby authorized, when, in his judgment, justice warrants it, to postpone the effective date of any action under those conditions that are required, and to the extent they are needed, to prevent irreparable damage. When said postponement is requested and it is denied, the court before which the review is requested, may decree any procedure that is necessary and appropriate, to postpone the effective date of any action taken by the Executive Director to preserve the status or the rights of the parties, until the termination of the revision procedures, upon furnishing te, to postpone the effective date of any action taken by the Executive Director to preserve the status or the rights of the parties, until the termination of the revision procedures, upon furnishing bond to the order of the Secretary of the Treasury, subject to his/her approval and in the amount of the unpaid taxes, plus interest and penalties, plus interest computed for the period of one year at the prevailing legal rate. History —Oct. 4, 2001, No. 140, § 18.
Puerto Rico Legal Code