P.R. Laws tit. 32, § 2907a
Any procedure, initiated by or started in the name and under the authority of the Government of the Commonwealth of Puerto Rico, whether the Government of the Commonwealth of Puerto Rico acts during said procedure on its own initiative and for its own use or good, for any agency, instrumentality or municipality to petition for the expropriation or acquisition of any property for public use belonging to a nonprofit entity, the petitioner or claimant is hereby authorized, as an option, to exchange another property of equal value as fair compensation for the property to be expropriated provided the nonprofit entity accepts the exchange offer.
At the request of the interested parties and with the express written consent of the nonprofit juridical entity owner of the property to be expropriated, the court may order the exchange to be effected, as fair compensation, or part thereof, granted concerning said procedure. The Government of the Commonwealth of Puerto Rico shall in no case exchange a property in payment for fair compensation when the assessed value of said property exceeds the assessed value of the property to be expropriated.
Should the nonprofit entity fail to consent to the exchange, the procedure provided in § 2907 of this title shall be pursued.
All pertinent provisions and procedures provided in this chapter shall apply to this section.
History —Mar. 12, 1903, p. 50, added as § 5(aa) on Oct. 18, 1999, No. 316, § 1.