111f

The good faith, the credit and the taxing power of the Commonwealth of Puerto Rico are irrevocably committed for the prompt payment of the principal and interest on the bonds issued under the provisions of this chapter. The Secretary of the Treasury is hereby authorized and directed to pay the principal and interest on said bonds as they mature, from any available funds in the Treasury of the Commonwealth of Puerto Rico for such a purpose, in the fiscal year said payment is required, and the provisions of this chapter regarding the payment of principal and interest on said bonds, shall be deemed as a continuous appropriation for the Secretary of the Treasury to make said payments even though specific appropriations have not been made for such purposes. Said payments shall be made according to the provisions of the laws of the Commonwealth of Puerto Rico which regulate disbursements of public funds.The Secretary of the Treasury is hereby authorized and directed to include the commitment hereby contracted by the Commonwealth of Puerto Rico in the authorizing resolution or resolutions and to specify on the bonds, that the good faith, credit and the taxing power of the Commonwealth of

hereby contracted by the Commonwealth of Puerto Rico in the authorizing resolution or resolutions and to specify on the bonds, that the good faith, credit and the taxing power of the Commonwealth of Puerto Rico are thus committed. History —Dec. 29, 1995, No. 259, § 7.