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Home >Investor Resources>Relevant Legislative Measures

Relevant Legislative Measures

Laws
List of laws related to the Fiscal and Economic Reconstruction of Puerto Rico, and to fiscal, financial and economic development matters overall, approved by the Puerto Rico Legislative Assembly and signed into law.





Laws

2014

October 7, 2014 - Act No. 172 - To amend Sections 3 and 4 of Act No. 1 of June 26, 1987, as amended, in order to clarify the revenues of the General Fund to be deposited in the “Special Tax and Revenue Anticipation Notes Redemption Fund,” empower the Secretary of the Treasury to establish a lien on such revenues and separate the Special Fund with a third-party trustee; authorize the Secretary of the Treasury to include the terms and conditions deemed necessary and convenient for the sale of such notes; and for other related purposes.
June 28, 2014 - Act No. 71 - To create the "Puerto Rico Public Corporation Debt Enforcement and Recovery Act," in order to establish a debt enforcement, recovery, and restructuring regime for the public corporations and other instrumentalities of the Commonwealth of Puerto Rico during an economic emergency... (The law was approved in both English and Spanish; the English text begins on page 74.)
June 11, 2014 - Act No. 62 - To create the “Micro, Small-, and Medium-sized Business Promotion Act,” in order to create the Puerto Rico Micro, Small-, and Medium-sized Business Promotion Board...
March 4, 2014 - Act No. 34 - To authorize the issue of bonds of the Government of the Commonwealth of Puerto Rico in a principal amount that shall not exceed three billion five hundred million dollars ($3,500,000,000)...
January 24, 2014 - Act No. 20 - To create the “Puerto Rico Capital Reinvestment Act”; amend Sections 1034.10, 1082.01, and 1082.02 of Act No. 1-2011, as amended, known as the “Internal Revenue Code for a New Puerto Rico...”
January 24, 2014 - Act No. 19 - To create the “Municipal Finance Corporation Act”; authorize the creation of a public corporation and instrumentality of the Commonwealth of Puerto Rico
attached to the Government Development Bank for Puerto Rico, to be known as the “Municipal Finance Corporation” (COFIM, Spanish acronym) empowered to issue and/or use mechanisms to pay or refinance municipal debts, the principal of and interests on, are backed by the municipal sales and use tax...
January 24, 2014 - Act No. 18 - To create the “Municipal Administration Fund Act”; establish a special fund to be known as the “Municipal Administration Fund” (MAF), authorize municipalities to pledge the monies deposited in such Municipal Administration Fund corresponding to them to guarantee the repayment of any loan, bond, note, or other evidence of debt whose repayment source is the monies deposited therein and to defray any budgeted expense of the municipality and any activity or project thereof; authorize the Government Development Bank for Puerto Rico to make disbursements for the purposes set forth in this Act...
2013

December 24, 2013 - Act No. 162 - To amend Sections 2, 4, 4-A, 6, 7, 8-A, 9, and 10, and add Sections 4-C, 4-D, 10-A, and 10-B to Act No. 12 of October 19, 1954, as amended, known as the “Judiciary Retirement Act...”

October 10, 2013 - Act No. 116 - To amend Sections 2, 3, 4, and 5 of Act No. 91-2006, as amended, known as the “Dedicated Sales Tax Fund Act...”

July 30, 2013 - Act No. 93 - To create jobs by reforming the legislation regarding investment companies; create the “Puerto Rico Investment Companies Act of 2013”; facilitate and incentivize the investment and raising of capital in Puerto Rico through investment companies; modify the tax treatment to be granted to such investment companies; amend Act No. 1-2011, as amended, known as the “Internal Revenue Code for a New Puerto Rico”; and for other related purposes.

June 30, 2013 - Act No. 47 - To authorize the issue of bonds of the Government of the Commonwealth of Puerto Rico and the issue of bond anticipation notes in a principal amount that shall not exceed one hundred million dollars ($100,000,000) to cover the costs of necessary public improvements and the cost of the sale of such bonds and notes; provide for the payment of the principal and interest on such bonds and notes; authorize the Secretary of the Treasury to make provisional advances from the General Fund of the Commonwealth Treasury to be applied to the payment of the costs of said improvements and said sale of bonds and notes; empower the agencies and instrumentalities of the Commonwealth of Puerto Rico to acquire the necessary real and personal property and to exercise the power of eminent domain; and exempt said bonds and notes and interest thereon from taxes; and for other purposes.

June 30, 2013 - Act No. 45 - To create the Fiscal Reconstruction Fund, under the custody of the Department of the Treasury; authorize the Government Development Bank (GDB) to transfer to such Fund two hundred forty-five million dollars ($245,000, 000), whether from its own funds or from private financing; provide for the repayment thereof according to the terms agreed upon between the GDB and the Office of Management and Budget (OMB); provide for the use of such Fund; amend Section 8 of Act No. 164-2001, as amended, in order to suspend during Fiscal Year 2013-2014 the prohibition on financing whose sources of repayment are future budget appropriations from the General Fund.

June 30, 2013 - Act No. 40 - To create the “Tax Burden Redistribution and Adjustment Act”; add a new Section 7.022 is hereby added to Act No. 77 of June 19, 1957, as amended, known as the “Insurance Code of Puerto Rico”; amend Section 3.14 of Act No. 83-1991, as amended, known as the “Municipal Property Tax Act of 1991”; amend Section 6.08 of Act No. 255-2002, as amended, known as the “Cooperative Savings and Credit Associations Act of 2002”; amend Sections 23.0 and 35.9 of Act No. 239-2004, as amended; amend Section 4 of Act No. 91-2006, as amended, known as the “Dedicated Sales Tax Fund Act”...

June 25, 2013 - Act No. 32 - To amend Section 4-109 of Act No. 447 of May 15, 1951, as amended, renumbered as Section 4-111 as of July 1, 2013 by Act No. 3-2013, in order to provide that any payment to be made by a municipality on account of employer and individual contributions, triennial increases, medication bonus, summer bonus, Christmas bonus, and any other benefit legislated in favor of a pensioner, as well as any deduction from the employees’ salary for the payment of loans or any other debt outstanding in the System shall be guaranteed, in the case of municipalities, by the revenues of the Municipal Revenues Collections Center, and in the case of agencies, public corporations, and instrumentalities, by the revenues of the Department of the Treasury...

June 25, 2013 - Act No. 31 - To amend subsection (a)(1) of Section 3020.06 of Act No. 1-2011, as amended, known as the “Internal Revenue Code for a New Puerto Rico,” in order to
reduce the excise tax on gas oil and diesel oil from eight cents to four cents and provide for the allocation of such tax; amend subsections (a), (f), and (g) of Section 3020.07 of Act No. 1-2011, as amended, known as the “Internal Revenue Code for a New Puerto Rico...”

April 4, 2013 - Act No. 3 - Pension Reform Act. .

February 28, 2013 - Act No. 2 - To amend Sections 2101 and 2102 of Act No. 120-1994, as amended, known as the “Internal Revenue Code of 1994,” regarding the imposition of an excise tax on certain products wholly or partially manufactured or produced in Puerto Rico and services related thereto, acquired by non-resident individuals, corporations, and partnerships from entities affiliated to the buyer.
February 10, 2013 - Act No. 1 - To create the “Jobs Now Act” in order to allow for the creation of fifty thousand (50,000) new jobs within a term of eighteen (18) months; establish an incentives program geared toward ensuring the permanence, stability, and continuity of existing businesses; foster economic opportunities to encourage the creation of small- and medium-sized businesses by giving them preferential treatment in the incentives program; grant an energy credit to participating businesses as a strategy to incentivize job creation and counteract the high operating expenses related to electric power consumption...

2012

August 4, 2012 - Act No. 155 - To amend Section 3 of Act No. 122-2010, as amended, known as the “Mi Nuevo Hogar Program Financing Act,” to clarify certain provisions; and for other purposes.
July 14, 2012 - Act No. 133 - To amend Sections 2 and 6 of Act No. 91-2006, as amended, known as the “Dedicated Sales Tax Fund Act,” in order to add that the moneys received from bond issues or through other financing mechanisms may be used to defray or finance the operating expenses of the Government of Puerto Rico corresponding to Fiscal Year 2012-2013; provide that the Puerto Rico Economic Stimulus Fund, also known as the Stabilization Fund, may be funded with the proceeds of the bond issues of the Puerto Rico Sales Tax Financing Corporation and any other funds deposited therein; provide that the funds deposited in the Puerto Rico Economic Stimulus Fund may be used for all the purposes listed in Section 2 of Act No. 91-2006, as amended; and for other purposes.
February 14, 2012 - Act No. 42 - To amend paragraph (2) of subsection (a) of Section 6 of Act No. 36 of June 28, 1989, known as the “Abandoned or Unclaimed Money and Other Liquid Assets Act,” as amended, and Section 3 of Act No. 122-2010, known as the “‘Mi Nuevo Hogar’ Program Financing Act...”
January 17, 2012 - Act No. 22 - To establish the “Act to Promote the Relocation of Individual Investors to Puerto Rico,” in order to provide a tax credit for the investment income earned by individuals who become residents of Puerto Rico not later than the year ending on December 31st, 2035.

 

January 17, 2012 - Act No. 20 - To establish the “Act to Promote the Export of Services,” in order to provide the adequate environment and opportunities to develop Puerto Rico as an
international service center, encourage local professionals to stay and return, and attract foreign capital, thus promoting the economic development and social betterment of Puerto Rico...
2011

November 21, 2011 - Act No. 229 - To amend current subsection (u) and renumber it as subsection (y), add a new subsection (u) and subsections (v), (w), and (x) to Section 18 of Act No. 205-2004, as amended, known as the “Department of Justice Organic Act...”
July 1, 2011 - Act No. 112 - To create the “2011-2012 Budget Support Fund” under the custody of the Office of Management and Budget...
July 1, 2011 - Act No. 111 - To amend Section 2 of Act No. 20 of April 9, 1976, as amended, in order to transfer the sum of six million seven hundred fifty-two thousand dollars ($6,752,000) from the Fund for the Investigation and Audit of Financial Institutions and Gambling Casinos to the 2011-2012 Budget Support Fund.
May 17, 2011 - Act No. 73 - To amend Section 40 of Act No. 7 of March 9, 2009, as amended, known as: “Special Act to Declare a State of Fiscal Emergency and to Establish a
Fiscal Stabilization Plan to Salvage the Credit of Puerto Rico...”
March 4, 2011 - Act No. 27 - To enact the “Puerto Rico Film Industry Economic Incentives Act” for the purpose of providing an adequate framework for the continued development of our film industry and other related activities; providing tax incentives to attract foreign capital and foster the economic development and social wellbeing of Puerto Rico...

2010

August 6, 2010 - Act No. 122 - To establish the “Act for the Financing of the ‘Mi Nuevo Hogar’ Program...”
August 1, 2010 - Act No. 119 - To create the “Puerto Rico Economic and Social Support Fund” under the custody of the Office of Management and Budget...
August 1, 2010 - Act No. 118 - To create the “Municipal Economic and Tourist Development Incentives Act,” in order to foster the economic development of municipalities.
March 18, 2010 - Act No. 27 - To add subsection (q) to Section 3 of Act No. 22 of July 24, 1985, as amended, known as the “Economic Development Bank for Puerto Rico Act,” in order to give priority to loan applications from private businesses that wish to develop and manufacture new products using recyclable materials as raw material.

2009

December 29, 2009 - Act No. 209 - To amend Section 16 of Act No. 124 of December 10, 1993, as amended, which establishes an Affordable Housing Subsidy Program, in order to authorize the Housing Finance Authority to create the Mi Nuevo Hogar Program and to provide the parameters for its operation, application, and financing alternatives, among others.
December 16, 2009 - Act No. 173 - To amend subclauses (1), (2), and (3) of clause (J) of the Fourth Paragraph of Article 2 of Act No. 17 of September 23, 1948, as amended, known as the “Government Development Bank for Puerto Rico Act,” in order to clarify certain aspects of the accounting system to provide reimbursements to the Puerto Rico Tourism Development Fund.
August 10, 2009 - Act No. 62 - To create the “Puerto Rico Agricultural Biotechnology Enterprises Promotion and Development Act...”
July 10, 2009 - Act No. 37 - As amended, known as the “Special Act to Declare a State of Fiscal Emergency and to Establish a Comprehensive Fiscal Stabilization Plan to Salvage the Credit of Puerto Rico”; and for other related purposes.
June 8, 2009 - Act No. 30 - To amend Section 72 of Act No. 7 of March 9, 2009, as amended, known as the “Special Act Declaring a State of Fiscal Emergency and Establishing a Comprehensive Fiscal Stabilization Plan to Salvage the Credit of Puerto Rico...”
June 8, 2009 - Act No. 29 - To set forth the Commonwealth's public policy on Public-Private Partnerships (PPPs), authorize the creation of the PPPA...

June 8, 2009 - Act No. 28 - To amend Section 5 of Act No. 9 of March 9, 2009, known as the “Puerto Rican Economic Stimulus Plan Act,” in order to clarify the matter of the interest rate on second mortgages.

June 2, 2009 - Act No. 24 - To amend Section 417 of Act No. 60 of June 18, 1963, as amended, known as the “Puerto Rico Uniform Securities Act,” in order to create the “Fund for Investor and Consumer Education.”

April 23, 2009 - Act No. 15 - To amend Section 72 of Act No. 7 of March 9, 2009, known as the “Special Act to Declare a State of Fiscal Emergency and to Establish a Comprehensive Fiscal Stabilization Plan to Salvage the Credit of Puerto Rico...”

March 9, 2009 - Act. No. 9 - “Puerto Rican Economic Stimulus Plan” aimed to stimulate the P.R. economy by granting a bonus to pensioners of the Government of the Commonwealth of Puerto Rico with incomes below twenty thousand dollars ($20,000) a year, mortgage relief aids to consumers, stimulus aids for buying homes, stimulus aids for building affordable housing, relief and stimulus aids to small and medium-sized businesses, worker retraining programs, stimulus aids for infrastructure projects, the expediting of endorsements and permits pending approval, and other economy-boosting measures; to establish sources for funds that may be deposited into the Secured Mortgage Reserve Fund...

March 9, 2009 - Act. No. 8 - To amend the “Puerto Rico Infrastructure Financing Authority Act,” (Act No. 44 of June 21, 1988, as amended) and provide that the Board of Directors of the Authority shall be constituted by five members of the Board of Directors of GDB, the Secretary of the Treasury, and an additional member, to be appointed by the Governor, and that the Chair of the PRIFA Board shall be appointed by the Governor of Puerto Rico from among the members of the same Board of Directors; to add a new Section 33, in order to authorize the Infrastructure Financing Authority to receive, administer, and disburse the funds appropriated to Puerto Rico by virtue of the American Recovery and Reinvestment Act of 2009…

March 9, 2009 - Act. No. 7 - The “Special Act to Declare a State of Fiscal Emergency and to Establish a Comprehensive Fiscal Stabilization Plan to Salvage the Credit of Puerto Rico”, to address from an integrative approach the fiscal crisis currently experienced by the Government of Puerto Rico, protect the credit of Puerto Rico, provide for a fiscal stabilization plan, eliminate the structural deficit, restore the fiscal health of the Government and lay the groundwork for the Government to be able to boost the economic development of Puerto Rico…

January 14, 2009 - Act. No. 4 - To amend Act No. 164 of December 17, 2001, in order to increase to two hundred million (200,000,000) dollars, up to June 30, 2011, the limit of loans that the GDB may grant, whose repayment sources are future budget appropriations from the General Fund, without these appropriations having been approved by the Legislature.

January 14, 2009 - Act No. 3 - To amend the “Puerto Rico Infrastructure Financing Authority Act” (Act No. 44 of June 21, 1988, as amended) to (i) authorize the sale of the securities deposited in the Corpus Account of the Infrastructure Development Fund, (ii) establish the portion of the net product of said sale that shall remain deposited in the Corpus Account; and authorize various other uses.
January 14, 2009 - Act No. 2 - To amend the “Commonwealth of Puerto Rico Government Fiscal Reform Act of 2006” (Act No. 103 of May 25, 2006) to suspend for two fiscal years, until June 30, 2011, the prohibition to use debts, loans, or any other financing mechanism to cover operating expenses.
January 14, 2009 - Act No. 1 - To amend the “Dedicated Sales Tax Fund Act” (Act No. 91 of May 13, 2006, as amended) to increase the amount of revenues from the sales and use tax to be deposited into the Dedicated Sales Tax Fund and to authorize the Puerto Rico Sales Tax Financing Corporation to use the proceeds of any bond issue whose repayment is backed by such revenues to cover operating expenses of the Commonwealth of Puerto Rico for FYs 2008-2009, 2009-2010 and 2010-2011.
2008

August 13, 2008 - Act No. 261 - To amend [...] Act No. 140 of October 4, 2001, as amended, known as the “Tax Credits for Investment in New Construction and Rehabilitation of Rental Housing for Low or Moderate Income Families Act”...
August 9, 2008 - Act No. 243 - To authorize the issue of bonds of the Commonwealth of Puerto Rico in a principal amount which shall not exceed two hundred fifty million (250,000,000) dollars, and the issue of notes in advance of bonds to cover the cost of necessary public improvements and the cost of the sale of such bonds...
August 9, 2008 - Act No. 241 - To amend subsections (k) and (p) of Section 2 of Act No. 78 of September 10, 1993, as amended, known as the “Puerto Rico Tourist Development Act of 1993,” for the purpose of granting a new credit for tourist investment that facilitates the acquisition and installation by the tourist hostels of equipment capable of producing electric power through renewable energy sources such as wind, water, and solar energy; and for other purposes.
August 9, 2008 - Act No. 234 - To amend Section 1-105 of Act No. 447 of May 15, 1951, as amended, known as the “Employees Retirement System of the Government of the Commonwealth of Puerto Rico”...
August 6, 2008 - Act No. 171 - To amend Sections 3, 4, 5, 6, 7, and 9 of Act No. 98 of 2001, as amended, known as the “Tax Credits for Special Investment in Housing Infrastructure Act...
August 6, 2008 - Act No. 170 - To amend Section 37a of Act No. 55 of May 12, 1933, as amended, known as “Puerto Rico Banking Law”...
August 1, 2008 - Act No. 147 - To create the new “Puerto Rico Small Business Development Incentives Act”...
July 20, 2008 - Act No. 125 - To authorize the “Act to Transfer the Right to Collect Tax Receivables of Puerto Rico of 2008,” with the purpose of authorizing the Department of the Treasury, on behalf of the Commonwealth of Puerto Rico, to sell, assign, exchange, negotiate, transfer, dispose of or transmit to other persons tax receivables or the right to receive payments on account of tax receivables or any interest thereon; to establish the collection procedure; to establish the rights and obligations of persons involved in the transaction; to impose penalties; to create the Special Tax Receivable Fund as an independent instrumentality, attached to the Government Development Bank for Puerto Rico, with the authority to issue securities and to use other mechanisms to pay or acquire the right to receive payments on account of tax receivables or any interest thereon; to authorize, as an exception, the issue of special obligations; and for other purposes.
July 17, 2008 - Act No. 117 - To add a subsection (d) to Section 3, to add subsections (o), (p), (q), and (r) to Section 4, add a subsection (l) to Section 6; amend Sections 7 and 8 of Act No. 14 of January 8, 2004, as amended, known as the “Investment in Puerto Rican Industry Act”...
July 15, 2008 - Act No. 110 - To amend subsection (i) of Section 5, amend Section 8, amend subsection (b) of Section 9, and amend Sections 12 and 15 of Act No. 362 of December 24, 1999, known as the “Act for the Development of the Film Industry,” in order to clarify the purposes for which moneys collected on account of filming organization license fees may be used, to expedite tax credit certification, and to maximize the economic impact of such incentive; to provide for its effectiveness; and for other purposes.
May 28, 2008 - Act No. 73 - To establish the “Economic Incentives Act for the Development of Puerto Rico,” in order to provide the adequate environment and opportunities to continue developing a local industry; to offer an attractive tax proposal to attract direct foreign investment and to promote economic development and social betterment in Puerto Rico...
April 2, 2008 - Act No. 33 - To establish the “Public Service Quality Monitoring Program” in every public agency, instrumentality or corporation rendering direct services to the population; to define the responsibilities of the public entities and for other related purposes.
March 18, 2008 - Act No. 29 - To amend subsection (d) of Section 14 of Act No. 103 of May 25, 2006, known as the “Commonwealth of Puerto Rico Government Fiscal Reform Act of 2006...”
2007

December 14, 2007 - Act. No. 204 - To amend subsection (a) of Section 6.02 of Act No. 255 of October 28, 2002, as amended, known as the “Cooperative Savings and Credit Unions Act of 2002,” to broaden the considerations related to indivisible capital.
December 14, 2007 - Act. No. 197 - To add Section 1040K, Section 1040L and subclause (G) to clause (1) of subsection (b) to Section 1114 of Act No. 120 of October 31, 1994, as amended, known as the “Puerto Rico Internal Revenue Code of 1994,” in order to establish the “Newly Built Housing Acquisition Tax Credit Program” and the “Existing Housing Acquisition Tax Credit Program,” to grant a tax credit for the acquisition of certain housing units and for other purposes.
December 12, 2007 - Act. No. 188 - To establish a Voluntary Early Retirement Program for the Employees of the Government Development Bank for Puerto Rico...
December 12, 2007 - Act. No. 184 - To amend Sections 3, 4, 5, 6, 7, 8, 9, 11, 14, and 15 and create a new Section 11(a) in Act No. 14 of January 8, 2004, as amended, known as the “Puerto Rican Industry Investment Act”...
November 21, 2007 - Act. No. 169 - To amend Section 14 of Act No. 55 of May 12, 1933, as amended, known as the “Banking Law”...
November 9, 2007 - Act. No. 168 - To amend Section 21 of Act No. 135 of December 2, 1997, as amended, known as the “Tax Incentives Act of 1998”...
September 20, 2007 - Act. No. 123 - To add a new Section 32-A to Act No. 114 of August 17, 2001, as amended, known as the “Public Corporation for the Supervision and Insurance of Cooperatives of Puerto Rico Act...
August 31, 2007 - Act. No. 115 - To amend [...] Act No. 74 of July 23, 2007, authorized the issue of bonds of the Commonwealth of Puerto Rico in a principal amount which shall not exceed five hundred million (500,000,000) dollars, and the issue of notes in advance of bonds to cover the cost of necessary public improvements and the cost of the sale of such bonds; and for other purposes.
July 29, 2007 - Act. No. 81 - To amend [...] Act No. 64 of July 3, 1996, as amended, known as the “Municipal Financing Act of 1996.
July 23, 2007 - Act. No. 74 - To authorize the issue of bonds of the Commonwealth of Puerto Rico in a principal amount which shall not exceed five hundred million (500,000,000) dollars, and the issue of notes in advance of bonds to cover the cost of necessary public improvements and the cost of the sale of such bonds...
July 13, 2007 - Act. No. 67 - To amend Section 27C of Act No. 78 of September 10, 1993, as amended, known as the “Puerto Rico Tourist Development Act of 1993”...

July 05, 2007 - Act. No. 56 - To add [...] amend [...] Act 91 ofMay 13, 2006, as amended, also known as The Dedicated Sales Tax FundAct, for the purpose of creating the Puerto Rico Sales Tax Financing Corporation as an independent corporation attached to Government
Development Bank for Puerto Rico, with the power to issue bonds and use other financing mechanism to pay or refinance the extraconstitutional debt of the Commonwealth of Puerto Rico; to transfer the Dedicated Sales Tax Fund to such Corporation and clarify the scope of
the protection enjoyed by the holders of the bonds issued by COFINA.

May 4, 2007 - Act. No. 41 - To amend subsection [...] Act No. 362 of December 24, 1999, as amended, known as the “Filmmaking Industry Development Act”...

April 5, 2007 - Act. No. 33 - To amend clause (12) of subsection E of Section 1-106 of Act No. 447 of May 15, 1951, as amended, known as the “Employees Retirement System of the Government of Puerto Rico and its Instrumentalities Act,” in order to eliminate the minimum requirement for time served as Municipal Legislator for accreditation in the Employees Retirement System of the Government of Puerto Rico.
March 8, 2007 - Act. No. 23 - To amend Section 2706 of Chapter 5, Subtitle BB of Act No. 120 of October 31, 1994, as amended, known as the “Puerto Rico Internal
Revenue Code of 1994,” in order to guarantee the flow of recurrent
resources that nourish the "Puerto Rico Motion Picture Arts, Sciences
and Industry Development Corporation Fund”...
February 23, 2007 - Act. No. 13 - To create the “Financial Assets Transfer Special Act”...
2006

May 25, 2006 - Act No. 103 - To implement the Fiscal Reform of the Commonwealth of P.R. of 2006.
May 13, 2006 - Act. No. 91 - To create the Urgent Interest Fund>
May 13, 2006 - Act No. 90 - To authorize the GDB to grant a loan to the Department of the Treasury to cover the payroll of the central government and its deficit for fiscal year 2005-2006.
May 13, 2006 - Act No. 89 - To amend the "P.R. Internal Revenue Code of 1994"
May 13, 2006 - Act No. 88 - To amend the "Tax Incentives Act of 1998" to increase the tax rate to be withheld on royalties paid to persons not residing in P.R.
May 13, 2006 - Act No. 87 - To create the "Act for the Integration of Incentivized Revenues To Cover Insufficiencies Due to Excess in Government Spending and Give Fiscal Attention to the Finances of the State"
May 13, 2006 - Act No. 86 - To order OMB to study the development and implementation of a Certification Information System so government agencies can process and access information under the custody of other government agencies.
May 2, 2006 - Act No. 80 - To amend Sections 1, 3, 8 and 9 of Act No. 160 of December 21, 2005, to extend the term of the Incentive for the Speedy Payment of Fines until June 30, 2006, and for other purposes.
2005

December 21, 2005 - Act No. 160 - To authorize the Secretary of the Treasury together with the Secretary of the Department of Transportation and Public Works to establish, for a sixty (60) day term, an incentive for the speedy payment of fines for violations of Act No. 22 of January 7, 2000, known as the Puerto Rico Vehicle and Traffic Act...

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