(a) Se exime del pago de contribuciones sobre la propiedad todos aquellos bienes muebles e inmuebles, incluyendo terrenos, edificios, equipo, accesorios y vehículos; propiedad de o que en el futuro adquiera el Fideicomiso Olímpico, incluyendo la Casa Olímpica y el centro deportivo y recreativo conocido como Albergue Olímpico de Puerto Rico Germán Rickehoff.
(b) La exención contributiva que aquí se provee queda sujeta a que el Fideicomiso Olímpico; no adeude cualesquiera otras contribuciones. Además, el Fideicomiso deberá rendir al Secretario de Hacienda, no más tarde del día primero de febrero de cada año, un informe escrito sobre sus actividades operacionales y estado de situación.
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