The preference margins assigned under the Preference Procurement Act for purchases of the Puerto Rico Government, shall be equivalent to the investment parameters, provided by this chapter. The list of preference margins or investment parameters in effect [as] of the date on the effective date of this act, shall remain in full force and effect until amended or repealed by the Board created by this chapter. The assigned investment parameters shall be reviewed, pursuant to the provisions of this chapter, always contemplating the intention of the chapter to benefit the local producer, and not reduce the benefits that said producer presently enjoys, provided there is no change in the operations, which, change merits a reduction the preference margin assigned in the judgment of the Board. All the property, files, documents and funds belonging to the former Preference Board shall be transferred to the Board established by virtue of this chapter. History —Jan. 8, 2004, No. 14, § 14.
Puerto Rico Legal Code