P.R. Laws tit. 7, § 611e
Within the ninety (90) days following the approval of this act, the Board of Directors shall adopt one or more regulations which shall rule the granting of loans, the securities and investments to be granted or made under the terms of this chapter including, but not limited to, the following criteria:
(1) Eligibility requirements, procedures, conditions to obtain loans and on the guarantees for financing, as well as other provisions that the Board of Directors deems pertinent to implement the purposes and powers hereby conferred to the Bank.
(2) Adequate provisions to assure that the loans and the revenue of the secured loans will be used by the person or firm solely for the purposes established in this chapter.
History —July 24, 1985, No. 22, p. 735, § 6.