P.R. Laws tit. 25, § 1969
The Trust Board shall have all the powers and duties needed to carry out its responsibilities, including, but not limited to:
(a) Act as the governing body of the Trust for the purpose of implementing the public policy and objectives of this chapter.
(b) Approve, amend, or repeal regulations to address any issues related to the implementation of this chapter;
(c) Authorize the accounting and disbursement of funds required for the administrative operations of the Fund.
(d) Determine the powers, duties, and responsibilities of the Executive Director of the Trust, as well as to delegate to him/her any of the powers or authorities of the Board under this chapter.
(e) Appoint officials, employees, or agents as are necessary to achieve the ends and purposes of this chapter; establish their powers, authorities, and duties as well as the terms and conditions of employment.
(f) Adopt any and all plans as are necessary to achieve the purposes of this chapter.
(g) Approve, before the beginning of each fiscal year, the Trust’s annual operating budget, to be defrayed with the resources of the Fund.
(h) Exercise all vested and incidental powers as appropriate to achieve the purposes of this chapter.
(i) Implement and periodically audit demonstration projects that must be established before starting each phase, to validate their effectivity and be able to approve their implementation in a general manner.
History —Aug. 26, 2014, No. 140, § 10, eff. 90 days after Aug. 26, 2014.