reglab/statecodes huggingface dataset:
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 42 - Special Permanent Fund for Ex-Boxers (§§ 901 — 915) › § 909 - Quorum

(a) Quorum for the meetings of the Board shall be constituted by four (4) members, of which at least two (2) shall be members representing the citizens. The decisions shall be made by the affirmative vote of three (3) members for the purpose of conducting matters, exercising the powers and carrying out the duties of the Board, each trustee having the right to a single vote.
(b) If once a meeting is convened, it cannot be constituted for lack of quorum, a record shall be kept of the fact and a new meeting shall be immediately convened to take place within the next ten (10) days for the same purposes. Quorum for a second meeting shall be constituted by three (3) members of the Board and the agreements made therein shall be valid with the affirmative vote of said members. If on this second occasion quorum is not constituted, the Secretary of the Board shall keep informative records of the event and the Chair of the Board, or the person who follows in the chairmanship, shall proceed with the meeting and the matters pertaining to it, the members in attendance constituting quorum and the agreements reached therein shall be valid with the vote of the majority of those in attendance.
History —Aug. 26, 2005, No. 90, §§ 12, 13.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 42 - Special Permanent Fund for Ex-Boxers (§§ 901 — 915) › § 910 - Regulation

From time to time, the Board shall adopt bylaws and may amend said bylaws for its internal operations and the administration of matters under its consideration. The Board’s bylaws, regulations and rules shall be adopted pursuant to the provisions of this chapter and as they may be necessary and appropriate to direct the matters under its jurisdiction.
History —Aug. 26, 2005, No. 90, § 14.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 42 - Special Permanent Fund for Ex-Boxers (§§ 901 — 915) › § 911 - Custodial banks

The Board shall designate one or more banks or savings and credit unions to be custodians of the monies, securities and assets of the Special Permanent Fund. The custodian banks shall be incorporated under the laws of Puerto Rico or the United States and must be subject to the supervision and examination [of the banking authorities or the federal deposit institutions or the Government of Puerto Rico].
History —Aug. 26, 2005, No. 90, § 15.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 42 - Special Permanent Fund for Ex-Boxers (§§ 901 — 915) › § 912 - Fiscal year; use of resources

(a) The fiscal year of the Permanent Special Fund shall end on December 31.
(b) The resources of the Permanent Special Fund shall not be used to finance or influence political-partisan activities.
History —Aug. 26, 2005, No. 90, §§ 16, 17.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 42 - Special Permanent Fund for Ex-Boxers (§§ 901 — 915) › § 913 - Liability and immunity

No member of the Board shall in any manner be personally liable for any loss or expenses incurred by the Special Permanent Fund, unless such loss or expenses arise as a result of gross negligence or intentional improper conduct. The Trust shall be authorized to indemnify third parties and to release each of the trustees from liability against any loss, claim, damages, or lawsuits, including the payment of attorney’s fees that arise from the performance of their duties, except when there is gross negligence, intentional improper conduct or to act with the knowledge that damages may be caused.
History —Aug. 26, 2005, No. 90, § 18.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 42 - Special Permanent Fund for Ex-Boxers (§§ 901 — 915) › § 914 - Penalties

Any Board member who, in the performance of his/her functions and responsibilities, incurs in conduct typified as “a crime against public service or a crime against public funds”, §§ 4366—4399 of Title 33, shall be subject to the penalties set forth in said sections, as they may apply.
History —Aug. 26, 2005, No. 90, § 19.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 42 - Special Permanent Fund for Ex-Boxers (§§ 901 — 915) › § 915 - Initial contribution

Every boxing promoter duly registered to do business in Puerto Rico, and those who do so after the effectiveness of this act shall make an initial contribution of one thousand dollars ($1,000) to the Special Fund to obtain their license, as well as a contribution of five hundred dollars ($500) per year at the time of its renewal. In addition, each promoter shall withhold point zero five percent (0.05%) of the net purse of each boxer who participates in a boxing match in Puerto Rico and shall remit its entirety to the Board of Trustees within a term of not more than five (5) days after the fight of said boxer to the Special Fund. Noncompliance by the promoter with this requirement shall entail a penalty of ten percent (10%) per month up to its total and complete payment. The Puerto Rico Professional Boxing Commission shall oversee faithful compliance with the provisions of this section.
History —Aug. 26, 2005, No. 90, § 20.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1001 - Short title

This chapter shall be known as an “Act to protect the insignia of the Olympic movement and to grant the Puerto Rico Olympic Committee exclusive rights thereon”.
History —June 29, 1987, No. 71, p. 226, § 1.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1002 - Definitions

For the purposes of this chapter, the words, phrases and acronyms stated hereinbelow shall have the meaning indicated hereinafter, unless another meaning clearly arises from the context:
(a) Puerto Rico Olympic Committee. — A nonprofit sports body, registered as such under the laws of Puerto Rico, Register No. 4261 of the Department of State of Puerto Rico, recognized by the International Olympic Committee as the sole authority to integrate, register and represent the sports delegations of Puerto Rico in international events under its auspices and in international sports federations.
(b) Affiliated federation. — A nonprofit sports body that promotes, regulates and organizes a specific sport and its allied disciplines in Puerto Rico and that is recognized as such by the corresponding international sports federation and is affiliated [with] the Puerto Rico Olympic Committee.
(c) Insignia. — Any expression, word, phrase, acronym, flag, symbol, Olympic fire or flame, motto and emblem allusive to Olympic events.
(d) Olympic body. — Puerto Rico Olympic Committee; Olympic entity.
(e) Olympic activity. — Contests, games, tournaments and competitions such as the Olympic Games, Pan American Games, Central America and the Caribbean Games, federated regional games and world tournaments of any specific Olympic sport.
(f) Person. — Any natural or juridical person, group of persons or association that carry out activities or functions within the provisions of this chapter.
(g) Commercial firm. — Any firm, company, business, corporation, factory or association that offers for sale, sells, distributes or manufactures articles or products with the insignias protected by this chapter, or that advertises commercially or for promotional purposes in radio and television broadcasts or through magazines, newspapers, fliers or through any other information media, alluding to the Olympic activity.
(h) Permit. — Sanction or authorization of the Puerto Rico Olympic Committee.
(i) PROC. — Puerto Rico Olympic Committee.
(j) IOC. — International Olympic Committee.
(k) PUROC. — Puerto Rico Olympic Committee.
(l) PUR. — Puerto Rico.
(m) Olympic. — Any name, activity, object, insignia or expression related to the Olympic movement.
(n) Olympiad. — The Summer or Winter Olympic Games held every four (4) years.
(o) Altius-Citius-Fortius. — Phrase alluding the Olympic Games and that is translated into Spanish as “ Más Alto, Más Rápido, Más Fuerte ”, and into English as “The Highest, Fastest, Strongest”.
History —June 29, 1987, No. 71, p. 226, § 2.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1003 - Insignia; exclusive use

It is hereby declared that all identifying insignia allusive to the Olympic movement shall be the exclusive use of the Puerto Rico Olympic Committee which shall be the only entity entitled to, and with legal capacity to authorize the use of, such identifying insignia through any promotional means or manner, pursuant to the provisions of this chapter, and to charge for its use and commercial exploitation.
History —June 29, 1987, No. 71, p. 226, § 3.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1004 - Written permission to use insignia in any way—Required

As of the effective date of this act, the Department of State shall not allow any person or commercial firm to register these identifying insignia; the person or commercial firm that wishes to use the identifying insignia protected by this chapter for the manufacture, distribution, sale or offer to sell articles or products, through radio or television transmissions, or through magazines, newspapers, fliers or any other information media shall previously obtain a written permit from the Puerto Rico Olympic Committee, thus approving it as an essential requirement for their use.
History —June 29, 1987, No. 71, p. 226, § 4.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1005 - Written permission to use insignia in any way—Issuance; fees

The Puerto Rico Olympic Committee shall issue such permits and shall charge for the use and commercial exploitation of the identifying insignia in the various existing promotional media, adjusting to the norms the body provides for the use thereof and giving equal opportunity to all persons or commercial firms to request or bid to obtain such permits.
History —June 29, 1987, No. 71, p. 226, § 5.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1006 - Written permission to use insignia in any way—Cancellation

The Puerto Rico Olympic Committee may likewise cancel the permits issued pursuant to the provisions of this chapter, through a written notice to the person, in the event the holder of the permit fails to comply with the conditions established by the Olympic body for the use of the identifying insignia through the various information or communications media, or that otherwise makes improper use thereof or fails to comply with the provisions of this chapter.
History —June 29, 1987, No. 71, p. 226, § 6.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1007 - Written permission to use insignia in any way—Register

The Puerto Rico Olympic Committee shall keep a register of all the permits it grants pursuant to the provisions of this chapter of the conditions prescribed for its issuance and of the cancellations it may subsequently order. It shall likewise itemize such concessions, conditions and cancellations, and the sums it collects from the application of this chapter, in the financial statement it is bound to submit annually to the Department of the Treasury and the Committees on Finance and on Sports of both Legislative Bodies.
History —June 29, 1987, No. 71, p. 226, § 7.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1008 - Violations—Civil action

Any person or commercial firm that uses the various commercial promotional media to induce the sale of goods or services or to promote any exhibition of commercial products, using for this purpose the Olympic distinctive insignia, including the acronyms “PROC, IOC, PUROC, PUR” or the words “Olympic” or “Olympiad” or the phrase “Altius-Citius-Fortius” without the due authorization of the Puerto Rico Olympic Committee, or in violation of the conditions established or the cancellation ordered shall be subject to enjoining judicial action and claim for damages filed by the Olympic Body to prohibit the use of the Olympic identifying insignia in the commercial promotion or the exhibition of products of said person or commercial firm, to compel the compliance of the conditions imposed and to request any other remedy that is in order under the law.
History —June 29, 1987, No. 71, p. 226, § 8.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1008a - Broadcast rights and Internet rights

The radio, television and Internet rights proceeding from the summer and winter Olympic Games, the Pan American Games, the Central American and Caribbean Games, contests, games, and world tournaments of a specific Olympic sport shall be [for] the exclusive use of the Olympic Committee of Puerto Rico, which shall be the only entity entitled to, and with the legal capacity to sell or negotiate said rights, as well as to broadcast or transmit on Puerto Rican soil the images, sounds or graphics of any Olympic activity for the benefit of sports. The entities that contract with the Olympic Committee under the provisions of this section [shall] not block or require the blocking of via [sic] satellite transmissions, cable TV or any other medium that is not, in turn, broadcasting in a similar and unadulterated manner to consumers in Puerto Rico.
History —June 29, 1987, No. 71, p. 226, added as § 9 on July 31, 1999, No. 201, § 2.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 101 - Olympic Movement Insignia (§§ 1001 — 1009) › § 1009 - Violations—Penal action

Any person or commercial firm that violates any of the provisions of this chapter shall be guilty of a misdemeanor. Every violation of the provisions of this chapter shall constitute an independent and separate violation.
History —June 29, 1987, No. 71, p. 226, § 9, renumbered as § 10 on July 31, 1999, No. 201, § 2.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1101 - Establishment

A special sports leave for employees of the public and private sectors who are duly certified as sportspersons by the Puerto Rico Olympic Committee to represent Puerto Rico at Olympic, Pan American and Central American Games or at regional or world championships is hereby established. In the case of disabled persons, they must be duly certified as sportspersons by the Secretary of Sports and Recreation to represent Puerto Rico in said sport events, upon prior certification of the local organization, in turn recognized in turn [sic] by the corresponding international sports organization for disabled persons.
History —June 27, 1987, No. 49, p. 167, § 1; July 23, 1992, No. 38, § 1.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1102 - Duration and effects

The special sports leave established in § 1101 of this title shall have a cumulative duration of not more than thirty (30) workdays a year, counted on and after the date of approval of this act. Eligible sportspersons, trainers and specialized personnel may be absent from their jobs through this special sports leave, during the time they are participating in these competitions, up to a maximum of forty-five (45) workdays a year, if they have accumulated them, under sports leave, vacations, and in cases in which it may apply, compensatory time without any loss of pay or efficiency rating. Provided, That the Puerto Rico Olympic Committee shall pay from the funds it receives, the unearned salaries of the employee sportspersons of the private sector who avail themselves of this special sports leave.
Sportspersons who are public employees shall enjoy the leave established herein without any salary deductions.
History —June 27, 1987, No. 49, p. 167, § 2; July 23, 1992, No. 38, § 2; Sept. 23, 2004, No. 488, § 1.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1103 - Application

At least ten (10) days prior to this billeting, every sportsperson certified by the Puerto Rico Olympic Committee or by the Secretary of Sports and Recreation to represent Puerto Rico in the competitions indicated in § 1101 of this title shall present to his/her employer, a certified copy of the document accrediting him/her to represent Puerto Rico in the competition, which shall include information regarding the period during which he/she shall be participating in said competition.
The employer shall authorize the eligible sportsperson, trainer and specialized personnel to avail him/herself of the days requested up to a limit of forty-five (45) consecutive workdays a year, provided he/she has accumulated them by reason of sports leave, vacations, and in those cases in which it may apply, compensatory time. Any request that exceeds the established accumulated limit of the leave shall be processed and authorized, and the excess days shall be charged to accumulated vacation leave.
History —June 27, 1987, No. 49, p. 167, § 3; July 23, 1992, No. 38, § 3; Sept. 23, 2004, No. 488, § 2.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1104 - Violations

Any natural or juridical person who violates the provisions of §§ 1101—1106 of this title shall be bound to compensate the sportsperson for the damages caused plus an amount equal to twice the compensation granted and shall also be bound to reinstate him in his employment if he has been dismissed.
History —June 27, 1987, No. 49, p. 167, § 4, eff. 30 days after June 27, 1987.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1105 - Definitions

The term “sportsperson” shall include athletes, judges, umpires, technicians, delegates, and any other person certified as such by the Puerto Rico Olympic Committee, and disabled persons certified as such by the Secretary of Sports and Recreation. The term “public employee” includes every person who holds any public office or employment in any department, agency or dependency of all the branches of government, the public corporations and the municipal governments of Puerto Rico.
History —June 27, 1987, No. 49, p. 167, § 5; July 23, 1992, No. 38, § 4.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1106 - Additional definitions

For the purposes of §§ 1101—1106 of this title, the following terms shall mean:
(a) Sportsperson. — Shall include athletes, judges, umpires, sports, technicians, delegates, and any other person certified as such by the Secretary of Sports and Recreation, upon prior certification by the local organization that is duly recognized by the international organization. With respect to the athlete, it is every person with a motor, mental or sensorial disability certified as such by the local organization that is duly recognized by the international entity, that he/she can to participate in one or more events or in one or more sports.
(b) Local organization. — Is the island entity duly recognized by the corresponding international organization for the practice of sports by disabled persons, pursuant to the sports criteria and classifications and rules for the practice of sports by disabled persons, and it is the accrediting body of the local organization.
(c) International organization. — Is the entity that establishes at an international level the sports criteria and classifications and rules for the practice of sports by disabled persons and it is the accrediting body of the local organizations.
History —June 27, 1987, No. 49, p. 167, added as § 6 on July 23, 1992, No. 38.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1107 - Athletics leave without pay—Establishment

An athletics leave without pay is hereby established for all employees of the public and the private sectors who are duly selected and certified by the Board for the Development of Full-Time High Performance Puerto Rican Athletes, as athletes in training and as trainers for Olympic, Paralympic, Pan American or Central American Games, or for Regional or World Championships.
History —Jan. 5, 2002, No. 24, § 1.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1108 - Definitions

For the purposes of §§ 1107—1111 of this title, the following terms and phrases shall have the meaning stated below:
(a) Athletes in training. — Those persons selected and certified by the Board for the Development of Full-Time High Performance Puerto Rican Athletes for their merits and credentials in international competitions, to be covered by §§ 1107—1111 of this title.
(b) Trainer. — Specialized technician who employs his/her knowledge in the pursuit of the highest levels of proficiency and performance in the training of athletes for competition.
(c) Public employee. — Includes all persons who hold public office, or are employed in any department, agency, instrumentality or dependency of all branches of the government, public corporations, and municipal governments of Puerto Rico.
(d) Private sector employee. — Includes all persons who carry out, perform or practice any craft, trade, job or work in any industry, under the orders or for the benefit of another on the basis of a contract for services rendered, or for remuneration of any sort, or under an express or tacit promise to receive such remuneration.
(e) COPUR. — The Puerto Rico Olympic Committee.
(f) COPAPUR. — The Puerto Rico Paralympic Committee, Inc.
(g) Board. — A dependency of the Sports and Recreation Department denominated as the “Board for the Development of Full-Time High Performance Puerto Rican Athletes”, charged with the certification of athletes in training and trainers.
History —Jan. 5, 2002, No. 24, § 2.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1109 - Duration of leave and effects

The athletics leave without pay for training purposes, established in § 1107 of this title, shall last for up to one (1) year with a right of renewal, provided it has the approval of the Board and provided the employer is notified thirty (30) days before its expiration date. This athletics leave without pay for training and/or competition allows eligible athletes and trainers to be absent from their work without [loss of time] and to secure their jobs without impairing their vested rights and benefits during the term said athletes have been participating in said training or competition.
During the term of the athletics leave without pay to train, provide training, or compete, the Board shall be responsible for the salaries of the participants. Therefore, it shall be bound to remit to the employer the amounts corresponding to the legal deductions made up to that time to the employee so the employer may continue covering the corresponding payments for said contributions.
History —Jan. 5, 2002, No. 24, § 3.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1110 - Petition

All athletes or trainers selected and certified by the Board to train prior to the competitions listed in § 1107 of this title shall submit to their employers, at least fifteen (15) days prior to camp training, a certified copy of the document that attests to their selection as athletes in training or competition or as trainers; said document shall contain information regarding the term during which said athletes or trainers shall participate in said training.
History —Jan. 5, 2002, No. 24, § 4.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 103 - Special Athletics Leave for Participants (§§ 1101 — 1111) › § 1111 - Penalties

Any natural or juridical person who violates the provisions of §§ 1107—1111 of this title shall have the obligation to compensate the athletes or trainers for any damages sustained, plus a sum equal to double the compensation awarded, and shall also have the obligation to reinstate them in their employment if they have been dismissed.
History —Jan. 5, 2002, No. 24, § 5.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1152 - Definitions

The following terms shall have the meanings indicated hereinbelow, unless some other meaning is clearly understood or inferred from the context.
(a) The Olympic Trust. — Means the Permanent Fund for the Administration, Operation, and Development of Assets Destined for the Olympic Movement in Puerto Rico.
(b) The Board of Trustees. — Means the Board of Trustees of the Olympic Trust.
(c) YMCA. — Means the Young Men’s Christian Association.
(d) Casa Olímpica. — Means the building formerly housing the YMCA.
(e) The Administration. — Means the Public Land Administration of the Commonwealth of Puerto Rico.
(f) Controller. — Means the Controller of the Commonwealth of Puerto Rico.
(g) Trustee. — Means a member of the Board of Trustees of the Olympic Trust.
(h) COPUR. — Means the Puerto Rico Olympic Committee.
(i) [IOC]. — Means the International Olympic Committee.
(j) Operating expenses. — Means those charges, salaries, remunerations, commissions, and other similar expenses that are necessary or appropriate to operate and administer the Olympic Trust and Casa Olímpica Fund.
(k) Income. — Means the income computed pursuant to the generally accepted accounting principles in effect in the United States and Puerto Rico, regardless of profits or losses.
(l) Governor. — Means the Governor of the Commonwealth of Puerto Rico.
(m) Legislature. — Means the Legislature of the Commonwealth of Puerto Rico.
History —June 12, 1992, No. 12, § 2.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1153 - Capitalization

The capital assets of the Trust shall be the grounds and structures that formerly housed the YMCA, located in San Juan, Puerto Rico, and which are property of the Public Land Administration. The title deed of said property shall be transferred to the Olympic Trust, the cost of which is to be amortized by means of annual appropriations which shall originate from the General Fund. Funding for the Olympic Trust shall also originate from those other funds and properties subsequently ceded, sold, or donated by the Olympic Committee to benefit the Trust, as well as from any other amounts donated or ceded from time to time to the Olympic Trust by any natural or juridical person or by the United States and the Commonwealth governments.
History —June 12, 1992, No. 12, § 3.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1154 - Board of Trustees

The Olympic Trust shall be directed and administered by a Board of Trustees. All powers of the Olympic Committee shall be exercised by the Board, which shall be constituted by eleven (11) members, of whom five (5) shall be ex-officio members. The trustees to take office as ex-officio members shall be the President of the Puerto Rico Olympic Committee (Spanish Acronym: COPUR), the First Vice President of COPUR, the Secretary General of COPUR, the permanent member of the International Olympic Committee and the Medical Director of Sports Medicine of the Olympic Shelter. The remaining six (6) members shall be: one (1) athlete over eighteen (18) years of age who, over the last ten (10) years, has represented Puerto Rico in two (2) or more international competitions sponsored by the International Olympic Committee; one (1) academic teacher or professor; one (1) attorney; one (1) physical education teacher with a Master’s degree; one (1) economist or planner; and one (1) architect or engineer. The six (6) designated members shall be in the active practice of their respective professions. The Mayor of San Juan and the Director of the Institute of Puerto Rican Culture shall be deemed honorary members of the Board and, as such, they shall have a voice but no vote in Olympic Trust affairs.
History —June 12, 1992, No. 12, § 4.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1155 - Board of Trustees—Meetings

The President of COPUR shall convoke and direct the first meeting of the Board. Said meeting, which shall be a special meeting, shall be held within fifteen (15) days following the approval of this act. Provided, That the President of COPUR and the other four (4) ex-officio Board members shall designate the remaining six (6) trustees who meet the conditions established in these §§ 1151 et seq. of this title, through the vote of at least four (4) of the five (5) ex-officio members. Each of the six (6) trustees designated by the ex-officio Board members shall serve for a term of three (3) years. The initial term for the first trustees shall be determined at random: two (2) members shall be designated for one (1) year; two (2) members, for two (2) years; and three (3) members, for three (3) years. After the first designation of the six (6) trustee members of the Board, all trustees shall have the same rights, duties, faculties, and prerogatives.
History —June 12, 1992, No. 12, § 5.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1156 - Board of Trustees—Vacancies

Should a vacancy arise created from among the six (6) trustee members, the succeeding trustee shall be designated by the ex-officio members of the Board and shall hold office for the remainder of the term. The successor shall meet the eligibility requirements of his/her predecessor, as established in § 1155 of this title. A vacancy on the Board shall not have the effect of undermining the Board’s authority to exercise all its powers and to carry out all its duties at any meeting in which there is the necessary quorum.
History —June 12, 1992, No. 12, § 6.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1157 - Board of Trustees—Qualifications

Any trustee who is not an ex-officio member shall be an American citizen of acknowledged moral probity and shall have recognized capacity and experience in some of the different facets of sports and of financial or business activities. No elected official of the Commonwealth of Puerto Rico nor any official or employee of any political party shall be a trustee.
History —June 12, 1992, No. 12, § 7.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1158 - Board of Trustees—Removal

The Board of Trustees may, through the vote of seven (7) members, remove any trustee from the Board for just cause. Said removal and the cause for the same shall be entered into a public record. The following shall be deemed to be just cause:
(1) Violation of the provisions of §§ 1151 et seq. of this title or its regulations thereof regarding the full discharge of his/her fiduciary duties.
(2) Actions or omissions contrary to the best interests of the Trust or to the financial solvency thereof.
(3) Gross negligence in the performance of his/her functions.
History —June 12, 1992, No. 12, § 8.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1159 - Board of Trustees—Operation

Eight (8) members of the Board, of which at least three (3) shall be ex-officio members, shall constitute a quorum to hold the meetings of the Board. Decisions shall be made by the affirmative vote of six (6) members, to the effect of conducting matters and exercising the powers and duties of the Board; each trustee shall be entitled to only one (1) vote.
History —June 12, 1992, No. 12, § 9.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1160 - Board of Trustees—Lack of quorum

Should a meeting be convoked and it is not possible to hold it for lack of a quorum, it shall be recorded in the minutes, and a new meeting shall be convoked immediately, to be held within the next ten (10) days, for the same purposes. At said meeting, seven (7) members of the Board shall constitute a quorum and its agreements shall be valid with the vote of six (6) of its members.
Should there be a lack of a quorum on this second occasion, the Secretary shall record it in the minutes and the Chairperson shall proceed with the meeting and the matters to be discussed therein; the members attending shall constitute the quorum, and the decisions made in the meeting shall be valid with the majority vote of the members present.
History —June 12, 1992, No. 12, § 10.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1161 - Board of Trustees—Election of the Chairperson

The President of COPUR shall summon and direct the second meeting of the Board, to be held within thirty (30) days as of the effective date of this act. This second meeting shall be a special meeting, to be held for the sole purpose of electing the Chairperson of the Board, with the vote of not less than eight (8) of the eleven (11) members of the Board.
History —June 12, 1992, No. 12, § 11.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1162 - Board of Trustees—Tied vote

The Chairperson of the Board shall have a voice but no vote in the Board’s matters and decisions; however, should there be a tied vote, the Chairperson may cast a vote to resolve the tie, but only after a second vote has been cast and the tie prevails.
History —June 12, 1992, No. 12, § 12.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1163 - Board of Trustees—Rules; stipends

The Board shall, from time to time, adopt and amend rules for its internal operation and administration, as well as those rules, regulations, and norms that are consistent with the provisions of these §§ 1151 et seq. of this title, as they be necessary and appropriate to direct its business and other matters. The trustees by appointment shall receive a nominal stipend determined by the ex-officio members for each day they attend the meetings of the Board. The trustees are entitled to be reimbursed for those necessary and reasonable expenses incurred to fulfill their functions and duties as trustees.
History —June 12, 1992, No. 12, § 13.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1164 - Board of Trustees—Conflicts of interest

If a matter is brought before the Board in which a trustee, personally, or through a family or business relationship has a director or indirect pecuniary interest, including but not limited to decisions of the Board regarding the investment of those assets which constitute part of the Permanent Fund; in any obligation or proprietary deposit in a bank, corporation, partnership, or any other person, in whom the monetary interest of said trustee is involved, said trustee must then state, for the record, that he/she has said monetary interest and shall not vote nor participate in said matter. None of the above shall be construed to prohibit the participation or vote of a trustee in matters related to the general investment norms of the Permanent Olympic Trust Fund.
History —June 12, 1992, No. 12, § 14.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1165 - Board of Trustees—Executive Director

The Board shall contract and establish the salary, terms, and working conditions of an Executive Director, who shall have all those powers the Board delegates to him/her regarding the administration of the Permanent Olympic Trust Fund. The Executive Director, with the consent of and subject to the norms established by the Board, shall contract and establish the terms and working conditions of the additional personnel the Olympic Trust may need. No member of the Board may hold office as Executive Director or belong to the work force of the Permanent Fund. Personnel-related costs and expenses shall be covered by the Olympic Trust.
History —June 12, 1992, No. 12, § 15.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1166 - Investment of assets

(a) Permanent Fund assets shall be invested pursuant to the rules and regulations enacted for said purpose. Said rules and regulations shall be approved from time to time by the Government Development Bank, in terms of eligible investments for said Fund.
(b) Casa Olímpica shall not be alienated, encumbered, pledged, or otherwise compromised without the consent of the Legislature and the Governor, since Casa Olímpica is deemed to be a historic and architectural monument dedicated to Puerto Rican sports and is part of the patrimony of the people of Puerto Rico.
History —June 12, 1992, No. 12, § 16.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1167 - Authorization to borrow money

(a) Subject to the provisions of this section, the Board may authorize the Trust to borrow money, from time to time, but without alienating the asset constituted by Casa Olímpica; the Trust may only borrow against its income and not against COPUR. Regarding all other properties of the Fund, the Trust may borrow money under such terms and conditions, including mortgages, that the Board deems appropriate.
History —June 12, 1992, No. 12, § 17.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1168 - Operating expenses; budget

(a) The Executive Director shall draft a budget for the Permanent Fund each year which shall be subject to the approval of the Board. Said budget shall clearly establish that the operating expenses of the Permanent Fund are to be defrayed by the income of said Fund.
History —June 12, 1992, No. 12, § 18.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1169 - Custodians

The Board shall designate one (1) or more banks to serve as custodians of the money, stocks, and assets of the Permanent Fund.
The custodian banks shall be:
(1) Incorporated under the laws of the United States or the Commonwealth of Puerto Rico.
(2) Shall be subject to the supervision and scrutiny of banking authorities, or federal or Commonwealth deposit institutions.
History —June 12, 1992, No. 12, § 19.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1170 - Fiscal year

The fiscal year for the Permanent Fund shall end on the 31st of December.
History —June 12, 1992, No. 12, § 20.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1171 - Prohibition related to political activities

The resources of the Permanent Fund shall not be used to fund or exercise influence on activities of a political-partisan nature.
History —June 12, 1992, No. 12, § 21.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1172 - Indemnification and relief from liability

No member of the Board of Trustees, official, agent, or employee shall be held personally liable in any way for any obligation, loss, or expense incurred by the Permanent Fund, unless said obligation, loss, or expense arises from, or is the result of gross negligence, intentional misconduct or behavior incurred knowingly which may be detrimental. The Permanent Fund shall be authorized to indemnify third parties and to relieve each and every one of the trustees, officials, agents, or employees from liability for any loss, claim, damage, suit, or obligation, including the payment of attorney’s fees, that may arise from the performance of their duties, except when gross negligence, intentional misconduct, or action incurred knowingly which may be detrimental, is involved.
History —June 12, 1992, No. 12, § 22.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1173 - Penalties

Any member of the Board, official, agent, or employee of the Fund who, in the performance of his/her functions, duties, and responsibilities, incurs conduct typified as §§ 4351—4399 of Title 33 shall be subject to the penalties established therein, as they may apply.
History —June 12, 1992, No. 12, § 23.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1174 - Historical monument

The old building which houses the Young Men’s Christian Association, better known as the YMCA, which is located in the first zone of Barriada Puerta de Tierra of the Municipality of San Juan, is hereby declared a historical and architectural monument.
History —June 12, 1992, No. 12, § 24.
2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 2 - Olympic Sports (§§ 1001 — 1175) › Chapter 105 - Permanent Fund for the Administration, Operation and Development of Assets Designated to Sports and Olympic Events (§§ 1151 — 1175) › § 1175 - Casa Olímpica

The building formerly occupied by the YMCA shall be denominated and known hereafter as “ Casa Olímpica ”, and it shall be the seat of the Puerto Rico Olympic Committee and any other entity whose purposes are consonant with the Puerto Rican Olympic movement and sports.
History —June 12, 1992, No. 12, § 25.