1915

A revolving fund is hereby established with the Authority, to be known as the 'Puerto Rico Water Pollution Control Revolving Fund', which shall be constituted separately and independently from any other funds or resources of the Commonwealth, in accordance with the provisions of, and for the exclusive purposes set forth by Title VI of the Federal Clean Water Act. The Authority is authorized to assist the Environmental Quality Board in the administration of the Revolving Fund in accordance with Title VI of the Federal Clean Water Act, and in furtherance thereof, without it being understood as a limitation, the Authority shall be empowered to receive capitalization donations under said act from the Environmental Quality Board and the matching funds from the Commonwealth of Puerto Rico required under Title VI of the Federal Clean Water Act, deposit said donations and matched funds in the Revolving Fund, enter loan agreements and lend moneys deposited in the Revolving Fund to qualified borrowers under Title VI of the Federal Clean Water Act, or use said funds in any other way permitted by said act, structure any financing program and issue bonds to finance such programs, supervise the

rowers under Title VI of the Federal Clean Water Act, or use said funds in any other way permitted by said act, structure any financing program and issue bonds to finance such programs, supervise the use and repayment by recipients of Revolving Fund monies and do anything else required by the Federal Clean Water Act in relation to the administration of the Revolving Fund pursuant to the provisions of any agreement executed by the Authority and the Environmental Quality Board in relation to the administration of the Revolving Fund.\nHistory —June 21, 1988, No. 44, § 16; Dec. 13, 1990, No. 44, § 1; renumbered as § 26 on June 24, 1998, No. 92, § 18.