P.R. Laws tit. 11, § 40

2019-02-20 00:00:00+00
§ 40. Advance appropriation by Government

The sum of one hundred thousand dollars ($100,000), or such part thereof as may be necessary, is hereby appropriated out of any funds in the Treasury of Puerto Rico not otherwise appropriated, in order to carry out the provisions of this chapter; and such sum, together with all other sums collected for premiums from the employers insured in the State Fund, shall constitute the State Fund.

From the income received annually for premiums and from other sources, the Secretary of the Treasury is authorized to reimburse to the Commonwealth Treasury, chargeable to the State Fund, the sum of ten thousand dollars ($10,000) every year until the sum of one hundred thousand dollars ($100,000) hereby appropriated for the State Fund has been reimbursed to the Treasury; Provided, That on July 1, 1935, or as soon as this act becomes effective, the Secretary of the Treasury shall place at the disposal of the Manager of the State Fund the sum appropriated by this section, or such part thereof as may be necessary.

History —Apr. 18, 1935, No. 45, p. 250, § 39, renumbered as § 37 on July 1, 1996, No. 63, § 3.