Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
1096p — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-one - Municipalities (§§ 1-4 — 6756)/
  5. Subtitle 3 - General Provisions/
  6. Chapter 103 - Corporation for the Revitalization of Urban Centers and Areas Sub/
  7. Subchapter IV - Miscellaneous Provisions § 1096m - Tax Exemption/
  8. 1096p
Puerto Rico Legal Code

1096p

Ask AI about this
It is hereby provided that the Department shall allocate from its budget, those funds, benefits and resources it may deem convenient for the operations of the administration of the Corporation created pursuant to this chapter.The monies of the Corporation shall be deposited with acceptable depositories according to law. The disbursements shall be made by the Corporation according to the applicable legal provisions.The Corporation, in consultation with the Secretary of the Treasury, shall establish the accounting system required to ensure the proper control and registration of all expenses and revenues belonging to or administered or controlled by the Corporation. The accounts of the Corporation shall be maintained so that they may be properly segregated and kept separate, as far as may be advisable, taking into consideration the various types of operations, projects, enterprises and activities of the Corporation. History —Aug. 11, 2004, No. 209, § 4.04.