P.R. Laws tit. 12, § 1308
The monies of the Authority shall be deposited in any banking institution authorized for the deposit of Commonwealth of Puerto Rico funds, but shall be maintained in separate accounts, under the name of the Authority. Disbursements shall be made by the Authority, pursuant to the budget regulations approved by the Board.
The Authority, upon consultation with the Secretary of the Treasury, shall establish the proper accounting system for the adequate control and statistical register of all expenditures and revenues belonging to, administered, or controlled by the Authority. The Authority’s accounts shall be kept in such a way that they may be properly segregated with regard to the various types of operations, projects, enterprises and activities of the Authority.
History —June 23, 1978, No. 70, p. 222, § 9.