P.R. Laws tit. 7, § 2006
(a) Deputy Commissioner. — The Commissioner shall appoint a Deputy Commissioner and one or more Assistant Commissioners of established moral repute, with experience in and knowledge of financial matters deemed necessary to best comply with the purposes of the Office of the Commissioner. In case of illness, disability, temporary absence, or when for any other cause the office of the Commissioner should become vacant, the Deputy Commissioner shall assume all his/her functions, duties and powers until his/her successor is designated and takes office.
(b) Commissioner and Deputy Commissioner’s salary. — The Commissioner and the Deputy Commissioner shall earn the annual salary fixed by the Governor according to the standards that govern positions of the same or similar level in the Government of Puerto Rico.
(c) Every official and employee of the Office of the Commissioner, except for the Commissioner, the Deputy Commissioner, Assistants, and Assistant Commissioners, who shall serve as trust employees, shall be career employees. Any person who, prior to his/her service as Commissioner, Deputy Commissioner, Assistant or Assistant Commissioner, was a regular career employee shall have the right to be reinstated in a position equal or similar to that which he/she held in the career service when he/she was appointed to the trust position.
The Commissioner may fix for any personnel that must have special competence and knowledge for the investigation of financial institutions a salary higher than that earned by personnel on an equal or similar level in other government agencies.
(d) The Commissioner may delegate any of his faculties, duties and prerogatives, except the power to regulate, on any official or employee of the Office of the Commissioner.
(e) All officials and employees who, in the performance of their functions, intervene in any way or have custody of money, securities or any public property, shall be covered by a bond as determined by the Commissioner, which bond shall be governed by §§ 283—283p of Title 3.
History —Oct. 11, 1985, No. 4, p. 857, § 6; Sept. 10, 2009, No. 95, § 3.