P.R. Laws tit. 3, § 9241
(a) Creation.— The Puerto Rico Fiscal Oversight and Economic Recovery Board is hereby created, established as a government instrumentality with juridical personality, as well as fiscal and administrative autonomy. The Board shall not be empowered to issue debt and shall operate with full independence and capacity to operate continuously, and shall be extinguished at 11:59 PM on the fifth anniversary of the date on which the Governor approves the Fiscal and Economic Recovery [sic] Plan.
(b) Exclusion of certain laws.— In order to promote its administrative independence, which is essential to carry out its critical duties entrusted herein, the Board shall be excluded from the application of the following laws:
(1) Sections 1461 et seq. of this title, known as the “Public Service Human Resources Administration Act of the Commonwealth of Puerto Rico”;
(2) Sections 1451 et seq. of this title, known as the “Puerto Rico Public Service Labor Relation Act”;
(3) Sections 8161—8166 of this title, known as the “Act for Regulating Certain Government Financing and Personal Property Leasing Contracts”;
(4) Sections 101 et seq. of Title 23, known as the “Office of Management and Budget Organic Act”;
(5) Sections 2101 et seq. of this title, known as the “Commonwealth of Puerto Rico Uniform Administrative Procedures Act”;
(6) Sections 971 et seq. of this title, known as the “Puerto Rico Institute of Statistics Act”;
(7) Sections 1858—1858i of this title, known as the “Puerto Rico Government Ethics Act of 2011”; and
(8) Sections 99h—99aa of this title, known as the “Special Independent Prosecutor’s Act”.
(c) Supervision.— In accordance with this chapter, the Board shall have the authority to certify that each supervised entity meets the objectives of the Plan.
History —Dec. 8, 2015, No. 208, § 201.