The Commonwealth of Puerto Rico, its agencies and political subdivisions, including the municipalities, are hereby authorized to convey and transfer to the Company at its request and under reasonable terms and conditions, without the need for holding a public auction or other legal formalities in addition to the granting of the pertinent deed, any property or interest thereon (including properties already devoted to public use), that the Company deems necessary or convenient to carry out its own purposes.\nPursuant to the provisions of this section, the title to any property of the Commonwealth of Puerto Rico, including the title to any property subsequently acquired, may be transferred to the Company by the official in charge of said property or who has said property under his/her jurisdiction.\nThe Secretary of Transportation and Public Works shall transfer to the Company, free of any charge, lands belonging to the Commonwealth of Puerto Rico, which, in the judgment of the Governor of Puerto Rico, may be needed by said Company to carry out its goals and purposes.\nThese provisions shall not be interpreted in the sense of authorizing the conveyance or transfer of property vernor of Puerto Rico, may be needed by said Company to carry out its goals and purposes.\nThese provisions shall not be interpreted in the sense of authorizing the conveyance or transfer of property destined for other purposes by legislative provision.\nThe Secretary of Transportation and Public Works shall submit annually to the Legislature an itemized report of the properties conveyed and transferred to the Company by virtue of the authorization contained herein and the valuation of each property.\nHistory —July 10, 1992, No. 20, § 24.
Puerto Rico Legal Code