Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
5838 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-one - Municipalities (§§ 1-4 — 6756)/
  5. Subtitle 7 - Municipal Property Tax/
  6. Part II - /
  7. Chapter 253 - Municipal Revenues Collection Center § 5815a - Funds—municipal Public Works/
  8. 5838
Puerto Rico Legal Code

5838

Ask AI about this
The payment of the two loans to be granted under §§ 5832–5841 of this title shall not be taken into account to calculate the maximum of the five-percent (5%) debt service established in § 6015(c) of this title, part of the 'Puerto Rico Municipal Financing Act'. In the event that any municipality that avails itself of the terms of §§ 5832–5841 of this title has also obtained a loan under the terms of §§ 5821–5831 of this title, it may be restructured along with the current debt under the terms set forth in § 5835(a) of this title.\nHistory —Oct. 11, 2001, No. 146, § 7; Nov. 16, 2001, No. 159, § 3.