P.R. Laws tit. 3, § 9231
The following terms shall have the meaning stated below:
(a) GDB.— Means the Government Development Bank for Puerto Rico, or any successor entity that carries out the same duties of said entity after the effective date of this act.
(b) Public corporation.— Means any entity created by the laws of the Commonwealth as a public corporation of the Commonwealth of Puerto Rico.
(c) Compliance with the budget.— Shall have the meaning set forth in § 9250(c) of this title.
(d) Projected deficit.— Shall have the meaning set forth in § 9251 of this title.
(e) Supervised entity.— Shall mean any public entity, regardless of whether it is partially or totally funded with the Budget of the Commonwealth and public corporation of the Commonwealth of Puerto Rico. Provided, That it shall not include the Judicial Branch, the Legislative Assembly and the agencies thereof, the Office of the Comptroller, the Puerto Rico Government Ethics Office, the Office of the Special Independent Prosecutor’s Panel, the Electric Power Authority, or the Aqueduct and Sewer Authority.
(f) Working group.— Means the Working Group of the Executive Branch designated by the Governor.
(g) Treasury.— Means the Department of the Treasury of the Commonwealth of Puerto Rico.
(h) Board.— Means the Fiscal Oversight and Economic Recovery Board created in § 9241 of this title.
(i) Act.— Means the Puerto Rico Fiscal Oversight and Economic Recovery Organic Act.
(j) Non-budgetary measure.— Means any measure included in the Fiscal and Economic Growth Plan other than a measure to increase or reduce expenses or income.
(k) OMB.— Means the Office of Management and Budget of the Commonwealth of Puerto Rico.
(l) Fiscal and economic growth plan or plan.— Means the Fiscal and Economic Growth Plan approved by the Governor by means of an Executive Order in accordance with this chapter.
(m) Budget of the Commonwealth.— Means the operating expenses budget, special appropriations, capital expenditures, and other appropriations for any fiscal year approved by the Legislative Assembly in accordance with one or more appropriation laws or Joint Resolutions.
(n) Budget control reserve.— Reserved funds of supervised entities in the Budget of the Commonwealth of Puerto Rico that represent 2.5% of the total operating expenses appropriations and special appropriations, which shall not be available for expenditures but rather transferred to an account under the custody of the Office of Management and Budget to be released in accordance with this chapter.
History —Dec. 8, 2015, No. 208, § 102.