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263e — Puerto Rico Law | CourtGPT
  1. Home/
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  3. Puerto Rico/
  4. Title Twenty-three - Public Planning and Development (§§ 1 — 11273)/
  5. Part II - Economic Development/
  6. Chapter 22c - Puerto Rico Fund for Securing Loans to Eligible Businesses § 263 - Title/
  7. 263e
Puerto Rico Legal Code

263e

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(a) The Fund may secure up to eighty percent (80%) of the principal and interest on loans granted by financial institutions to eligible businesses, for the acquisition of personal and/or real property, and/or working capital needed for its operations. The purposes and limits of securities shall be established by regulations to such effect which shall have to be unanimously approved by the members of the Securities Committee. History —July 9, 1985, No. 97, p. 313, § 6.