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5016 — Puerto Rico Law | CourtGPT
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  4. Title Twenty-three - Public Planning and Development (§§ 1 — 11273)/
  5. Part V - Municipal Development/
  6. Chapter 121/
  7. 5016
Puerto Rico Legal Code

5016

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The debts and obligations of the Company shall not be debts or obligations of the Commonwealth of Puerto Rico nor of its political subdivisions, except that the Commonwealth Government may assume, back bond, guarantee, or otherwise assume responsibility or answer for any debts of the Company that arise from the concession or granting of credit lines by the Government Development Bank or any other public or private entity.\nHistory —July 10, 1992, No. 20, § 17; Jan. 21, 2000, No. 41, § 2.