P.R. Laws tit. 7, § 1261
The Governor of Puerto Rico, or his authorized agent, is hereby authorized periodically promulgate guidelines and provide advisory services on the investment of public funds to the Government of Puerto Rico and to all the agencies, municipalities, public corporations and other public dependencies or political subdivisions of the Government of Puerto Rico. The guidelines shall take into consideration the financial needs and investment objectives of the Government of Puerto Rico and of all the agencies, municipalities, public corporations and other public dependencies or political subdivisions of the Government of Puerto Rico, and shall designate investments to supply the same. The investments to be included in the guidelines shall be those that a judicious investor deems appropriate for the investment of public funds.
The Governor may delegate this function on the Government Development Bank for Puerto Rico, as the agent of the Government of Puerto Rico.
History —Aug. 3, 1995, No. 113, § 1, eff. 30 days after Aug. 5, 1995.