2025 Laws of Puerto Rico
Title 3 - Executive (Chs. 1 — 145)
Chapter 21 - Emergency Agencies (§§ 451 — 492)
§ 458. Emergency Fund—Unencumbered surplus

Beginning Fiscal Year 1995-96, the Emergency Fund shall be capitalized annually by an amount not less than one-fifth of one percent (0.2%) of the total of the Joint Resolution for the Budget. Beginning Fiscal Year 1998-99, said contribution shall be not less than one percent (1%) of the total net revenues for the previous fiscal year. Provided, that, through Fiscal Year 2020-2021, said contribution shall be at least ten million dollars ($10,000,000). From Fiscal Year 2020-2021 and thereafter, said contribution shall not be less than zero point five percent (0.5%) of the estimated net revenues submitted by the Department of the Treasury to prepare the recommended budget chargeable to the General Fund. The Governor of Puerto Rico and the Director of the Office of Management and Budget, by delegation of the latter, may direct that any amount in excess of the amount herein fixed from any source of income be deposited in the Fund, when deemed convenient. The balance of said Emergency Fund shall never exceed one hundred fifty million dollars ($150,000,000).

History

—June 21, 1966, No. 91, p. 304, § 2; Aug. 18, 1994, No. 89, p. 5, § 4; Aug. 20, 1997, No. 93, § 2; Aug. 28, 2003, No. 222, § 1; Apr. 29, 2017, No. 26, § 9.01.