917

Every entity receiving a legislative donation that for any reason or condition dissolves or becomes inactive or changes its nonprofit purposes for profitable ones, shall:(a) Immediately hand over any remainder of the legislative donation or any part thereof that was not used, by means of a certified check to the order of the Secretary of the Treasury, as well as all the bills, documents and reports related thereto.(b) Deliver to the designated agency, all the equipment and materials acquired to be charged to the legislative donation, as well as all the bills, documents, inventories and reports related to the same.(c) Submit a final fiscal report on the use and disposition of the legislative donation to the Special Joint Committee on Legislative Donations.(d) Grant to the Government of the Commonwealth of Puerto Rico the first option to acquire any lot, building, structure or real property of its property whose acquisition price or permanent improvements were completely paid or in part with the legislative donations. In such cases, the selling price for the Government of the Commonwealth of Puerto Rico shall be the acquisition cost of the land lot and of the structures, buildings

t with the legislative donations. In such cases, the selling price for the Government of the Commonwealth of Puerto Rico shall be the acquisition cost of the land lot and of the structures, buildings or improvements made therein, minus their normal depreciation, after any legislative donation funds used or invested in the real property have been deducted. History —Dec. 29, 1995, No. 258, § 18.