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111b — Puerto Rico Law | CourtGPT
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  3. Puerto Rico/
  4. Title Twenty-three - Public Planning and Development (§§ 1 — 11273)/
  5. Part I - Public Planning/
  6. Chapter 4a - Bonds, Electronic Information Systems § 111 - Design, Acquisition and Updating of Computer Systems/
  7. 111b
Puerto Rico Legal Code

111b

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The Secretary of the Treasury is hereby authorized to issue and sell, Commonwealth of Puerto Rico bonds once only or from time to time, for a principal amount which shall not exceed one hundred and fifty million dollars ($150,000,000), in order to cover the cost of the projects to be developed according to §§ 111 and 111a of this title, the cost of the sale of the bonds and notes issued in anticipation thereof and for any other expense needed with regard to the development of the Government Electronic Information Systems and Infrastructure. History —Dec. 29, 1995, No. 259, § 3.