P.R. Laws tit. 7, § 581
(A) The Government Development Bank for Puerto Rico (hereinafter called the “Bank”) shall be and it is hereby authorized to act as fiscal agent of the Commonwealth Government, its agencies and municipalities and of the Secretary of the Treasury of Puerto Rico for the purpose of registering, authenticating or countersigning the bonds, notes or other evidences of indebtedness of the Commonwealth Government, its agencies and municipalities and of the Secretary of the Treasury of Puerto Rico, and to perform, without limitation, such other services for the Commonwealth Government, its agencies and municipalities and for the Secretary of the Treasury of Puerto Rico, for any purpose not contrary to already existent legislation, subject, however, to the approval of the Secretary of the Treasury of Puerto Rico on such terms as may be agreed upon by and between the Bank and the Secretary of the Treasury of Puerto Rico for services rendered to the Commonwealth Government, its agencies and the Secretary of the Treasury of Puerto Rico, and on such terms as may be agreed upon by and between the Bank and the municipalities of Puerto Rico for services rendered to the municipalities of Puerto Rico.
(B) The Bank may compel any instrumentality or public incorporation of the Commonwealth of Puerto Rico to deliver or grant access to its books, records and other documents, including, without limitation, budgets, financial statements, certificates, audit reports, notifications, policies, procedures, manuals, plans and any other information related to the finances of such instrumentality or public corporations as the Bank may seem appropriate.
In case of failure or refusal to comply with a summons issued by the Bank, the Court of First Instance of Puerto Rico within whose jurisdiction the person object of said summons is found, resides, does business or performs its duties, shall issue against that person, at the request of the Bank, an order requiring him to appear before the Bank to present evidence, if it is so ordered, or to testify on the matter under investigation. The person will be found in contempt if he disobeys the court’s order.
History —May 15, 1945, No. 272, p. 952, §§ 1, 15; Sept. 23, 1948, No. 17, p. 290, §§ 4, 22; Apr. 26, 1957, No. 3, p. 3, § 3; July 1, 2015, No. 97, § 5.