302

The proceeds of the sale of the bonds and all moneys accruing by reason of assessments of taxes and sale of water and power within the temporary and permanent irrigation districts hereinafter provided for, shall, subject to the provisions of § 309 of this title, be deposited in the Treasury of Puerto Rico, in a trust fund to be known as the 'Isabela Irrigation Fund', which fund may be subdivided for statistical purposes as the Secretary of the Treasury may prescribe.All expenditures for the construction and maintenance of the irrigation system, and all payments of interest and principal of any debt incurred for the construction of the said system, shall be payable from the said trust fund, and such payments and disbursements shall be made by the Secretary of the Treasury in accordance with law. History —June 19, 1919, No. 63, p. 348, § 3, eff. 90 days after June 19, 1919.