The funds in the general trust that the Center establishes with the Government Development bank for Puerto Rico, pursuant to § 5803(c) of this title, shall be distributed by the Center in the following order of priority:\n(a) The amount that corresponds to the surtax for the service and redemption of the general obligation of the Commonwealth of Puerto Rico, shall be deposited in the Commonwealth Debt Redemption Fund.\n(b) Except as provided in the second paragraph of § 5002 of this title, the amount corresponding to the surtax for the service and redemption of the general obligations of the municipalities and any other amount needed for such purposes shall be covered into the Municipal Public Debt Redemption Fund.\n(c) The amount that corresponds to the provision for the payment of statutory obligations or debts of the municipalities shall be withheld and referred to the corresponding paying agent.\n(d) The amount that corresponds to the provision for the operations and administration expenses of the Center shall be deposited in the account designated by the Center.\n(e) The unencumbered remainder of the other property taxes, and other income shall be distributed to the nistration expenses of the Center shall be deposited in the account designated by the Center.\n(e) The unencumbered remainder of the other property taxes, and other income shall be distributed to the municipalities according to the provisions of §§ 5801–5820 of this title.\nHistory —Aug. 30, 1991, No. 80, § 17; July 31, 1992, No. 42, § 4; July 3, 1996, No. 64, § 33, renumbered as § 35 on Aug. 12, 1997, No. 75, § 35; June 24, 1998, No. 95, § 9.
Puerto Rico Legal Code