2023 Laws of Puerto Rico › TITLE TWENTY-EIGHT - Public Lands (§§ 1 — 737) › PART II - Land Authority (§§ 241 — 512) › Chapter 33 - Finances (§§ 321 — 373) › Subchapter I - Appropriation of Funds (§§ 321 — 324) › § 323 - Titles V and VI Trust Fund

A special fund is hereby created to be known as “Fund of Titles V and VI, Trust Fund” [sic], which shall be under the custody of the Secretary of the Treasury, who shall keep it especially apart from other public funds under his custody, and which shall be made up of the following items:
(a) Any balance remaining in the appropriations heretofore or hereafter made by the Legislature of Puerto Rico to effectuate the purposes, and cover the personnel, administration, and operation expenses of Title V of this act.
(b) The appropriations made by the Legislature of Puerto Rico to carry out the farm program of Title VI hereof.
(c) Any balance remaining in the appropriations heretofore and hereafter made by the Legislature of Puerto Rico for the assimilation of the Homestead Farm Program transferred by Acts Nos. 83 of May 8, 1945, and 407 of May 13, 1947.
(d) Payments received from the usufructuaries for materials furnished them for the construction of their dwellings, as provided in § 553 of this title.
(e) Payments received by virtue of usufruct contracts, as well as the interest earned thereon, in connection with the farms of Title VI, and all receipts of the Rural Housing Administration deriving from the Homestead Farm Program transferred thereto under Acts No. 83 of May 8, 1945, and No. 407 of May 13, 1947.
(f) Any receipts from the sale of real or personal property in the farms assigned to Title V, and any sum in excess of five hundred dollars ($500) received from the lease of such properties.
All receipts for soil conservation payments, sale of farm or forest products, rentals on real and personal property up to the sum of five hundred dollars ($500), and any other receipts in connection with the parcels of Title V, shall be credited to individual funds in the name of the corresponding communities to be used exclusively for improvements to the communities where the receipts originated; Provided, That the Executive Director of the Rural Housing Administration may make transfers from the fund of one community to the fund of another community when, in his judgment, a given community is receiving income in excess of its requirements, while another community is not receiving enough income for necessary improvements.
(g) All moneys collected as usufruct or lease rentals, interest, sale of farm or forest products, sale of personal or real property, and/or any other receipts in connection with the farms of Title VI, or the Homestead Farms.
(h) Any appropriation or donation made for the development of the housing program for parcel holders of Title V Communities, as well as amortization and interest payments received in connection therewith.
The special fund “Fund of Titles V and VI, Trust Fund” shall be used solely for the enforcement of the provisions of Title V and Title VI of this act, and for the assimilation of the Homestead Farm Program.
History —Apr. 12, 1941, No. 26, p. 388, added as § 35-A on June 10, 1948, No. 47, p. 138, § 2; May 3, 1950, No. 169, p. 454, §§ 1, 2; Apr. 30, 1952, No. 175, p. 360, § 1; May 28, 1954, No. 46, p. 260, § 3.