830

Within forty-five (45) days as of the approval of this act, every public corporation, municipal corporation, agency, and government instrumentality of the Commonwealth of Puerto Rico that has any outstanding debt with PREPA or PRASA, shall initiate an account reconciliation process with PREPA or PRASA, as the case may be, to define the total amount of the debt. The term to complete such reconciliation shall not exceed forty-five (45) days after the process began. Within sixty (60) days, counted as of the completion of the reconciliation process provided herein and, if no dispute arises in connection with the total amount of the debt, the public corporation, municipal corporation, agency, and government instrumentality of the Commonwealth of Puerto Rico shall enter into a payment agreement with PREPA or PRASA, as the case may be, for the payment of the past due debt. PRASA and PREPA may require a reasonable minimum initial payment to enter into said payment agreements. History —Apr. 7, 2016, No. 22, § 4.3.