P.R. Laws tit. 7, § 1282
It is hereby resolved and declared, to be the public policy of the Government of Puerto Rico, that the purposes for which the creation of public funds investment trusts is hereby authorized, are public purposes for the benefit of the People of Puerto Rico, and that the exercise of the powers conferred under this chapter constitute compliance with essential government functions.
It is further provided that it is of public interest the creation of uniform investments policies for the government entities that constitute the framework which allows the development of investment vehicles which respond to their specific and particular needs, so that the efficiency and profitability of the investment of public funds is increased.
Said investment policy shall highlight, as its primary objective, the preservation of the funds invested, competitive market yields, high levels of liquidity and a greater efficiency in the administration of funds.
History —Aug. 11, 1995, No. 176, § 2.