The petition of an association for an improvement project may provide that any impost charged for benefits or profits on the real property located within a tourism improvement district, whose payment has not become due, be proportionally and automatically transferred, according to the formula established by the association to calculate the imposts charged for benefits or profits, as approved by the Company pursuant to the provisions of § 6651 of this title, to any segregated parcels (with or without the units constructed thereon) or in the case of property subject to the horizontal property regime, to the units as they become individualized.\nHistory —Aug. 8, 1998, No. 207, § 3.006, eff. 60 days after Aug. 8, 1998.
Puerto Rico Legal Code