P.R. Laws tit. 3, § 9243
(a) Beginning of operations.— As soon as possible, after the appointment of all members, the Board shall approve, by an affirmative vote of at least three (3) members, the bylaws, rules, and procedures that shall govern its activities under this chapter, including, but not limited to, rules applicable to the filing of documents and reports with the Board and the holding of meetings and hearings. Said bylaws, rules, and procedures shall be public documents.
(b) Activities requiring the approval of a majority of members.— Under the regulations adopted in accordance with subsection (a) of this section, the Board may carry out its duties in accordance with those procedures it deems appropriate; Provided, That the affirmative vote of three (3) members of the Board shall be necessary for the Board to:
(1) Endorse the Fiscal and Economic Growth Plan in accordance with this chapter;
(2) Certify compliance or noncompliance with the budget in accordance with this chapter;
(3) Issue a notice of noncompliance, a preliminary finding of noncompliance, or a finding of noncompliance under this chapter;
(4) Withdraw a notice of noncompliance, a preliminary finding of noncompliance, or a finding of noncompliance under § 9250 of this title;
(5) Appoint an executive director; and
(6) Exercise its power to open and administer bank accounts.
(c) Approval of rules and bylaws.— The Board may incorporate in its bylaws, rules and procedures adopted under this subsection, any rules and regulations it deems appropriate to operate under this chapter with the highest degree of independence possible.
(d) Meetings open to the public required.— Notwithstanding any applicable Commonwealth law, including §§ 9081—9088 of this title, the Board shall establish its own rules to determine when its meetings shall be open to the public, but shall keep the records of all official business of the Board available to the public at all times.
History —Dec. 8, 2015, No. 208, § 203.