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PS 767

Para enmendar el Artículo 3 de la Ley 5-2022, según enmendada, conocida como “Ley para el Fortalecimiento y Desarrollo del Deporte Puertorriqueño”, a los fines de aumentar la asignación de fondos al Fondo Permanente para la Administración de los Bienes Destinados al Deporte y al Olimpismo de la obligación de pago de tarifa comercial por extracción de agua; y para otros fines relacionados.

2025-2028 Session

Overview: Bill PS 767 amends the "Law for the Strengthening and Development of Puerto Rican Sports" to increase the allocation of funds to the Permanent Fund for the Administration

Referido a Comisión(es)
0
WeVote Research Nonpartisan
Bill Summary · PS 767

Overview: Bill PS 767 amends the "Law for the Strengthening and Development of Puerto Rican Sports" to increase the allocation of funds to the Permanent Fund for the Administration of Goods Destined for Sports and Olympism from the commercial water extraction fee.

Purpose and Intent: The bill seeks to enhance the funding available for the administration and development of sports and Olympic activities in Puerto Rico by increasing the allocation from the commercial water extraction fee to the Permanent Fund.

Key Provisions:
- Increases the allocation of funds from the commercial water extraction fee to the Permanent Fund for the Administration of Goods Destined for Sports and Olympism.
- The Permanent Fund is responsible for the administration and development of sports and Olympic activities in Puerto Rico.

Affected Parties and Impacts: This bill directly affects the Permanent Fund for the Administration of Goods Destined for Sports and Olympism, as it will receive increased funding to support sports and Olympic initiatives in Puerto Rico. The increased funding may lead to expanded programs, improved facilities, and greater opportunities for athletes and sports enthusiasts.

Procedural and Timeline Considerations: The bill has been referred to the appropriate committee(s) for further consideration and review.

Compiled from official sources — confirm details with the bill’s official record.

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