Para enmendar los Artículos 2, 7 y 13, de la Ley 271-2002, según enmendada, mejor conocida como Ley del Fideicomiso Perpetuo para las Comunidades Especiales; añadir incisos “ñ” y “o” al Artículo 3.4 de la Ley 10-2017, según enmendada, mejor conocida como Ley Orgánica de la Oficina para el Desarrollo Socioeconómico y Comunitario de Puerto Rico; a los fines de conceder al Director Ejecutivo de la Oficina para el Desarrollo Socioeconómico y Comunitario de Puerto Rico la facultad de emitir certificaciones para la inscripción, así como para la transferencia de derechos o de la titularidad de inmuebles; ordenar la inscripción de la escritura constitutiva del Fideicomiso Perpetuo para las Comunidades Especiales en el Registro de Fideicomisos adscrito a la Oficina de Inspección de Notarías de la Rama Judicial; y para otros fines relacionados.

2025-2028 Session

Grants Puerto Rico's community development director authority to certify and transfer real estate rights for perpetual trust properties serving special communities.

Referido a Comisión(es)

Legislative bill overview

Bill PC 1706 amends Puerto Rico's law governing the Perpetual Trust for Special Communities (Law 271-2002) and grants the Executive Director of Puerto Rico's Office for Socioeconomic and Community Development authority to issue certifications for property registration and transfer of real estate rights. The bill also mandates registration of the trust's foundational document in the Trust Registry under judicial oversight.

Why is this important

This legislation streamlines administrative procedures for managing community development properties and reduces bureaucratic delays in property transfers affecting vulnerable communities. It centralizes real estate certification authority in a single agency, potentially accelerating community development projects and clarifying property rights documentation for special communities.

Potential points of contention

Concentrated executive power: Granting one official broad certification authority over property transfers may bypass traditional judicial or notarial oversight and reduce checks on administrative discretion

Transparency and accountability: The bill lacks explicit provisions for public notice, appeal mechanisms, or oversight procedures for the Director's property certification decisions

Scope of "special communities": The definition and eligibility criteria for which communities qualify remain unclear, potentially creating disparities in how the law is applied