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732 — 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 77 - Municipal Finances § 731 - Compensation in Lieu of Taxes—payment Through Secretary of Treasury/
  7. 732
Puerto Rico Legal Code

732

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When the Secretary of the Treasury of Puerto Rico has received and deposited any amount for the aforesaid purpose, he shall distribute same in accordance with the tax rate corresponding to the municipal share of the property taxes levied for regular and special purposes in each municipality. History —May 14, 1945, No. 259, p. 884, § 2.