P.R. Laws tit. 23, § 671i
All the money of the Company shall be entrusted to recognized depositaries of the funds of the Government of the Commonwealth of Puerto Rico, but they shall be kept in a separate account or accounts and be registered in the name of the Company. The disbursements shall be made by the latter in accordance with the regulations and budgets approved as provided by this chapter.
The Company, in consultation with the Secretary of the Treasury, shall establish an accounting system necessary for the adequate control and statistical record of all the income and expenses administered or controlled by the latter. The accounts shall be kept in such a manner that they may be segregated in accordance with the different kinds of activities carried out.
The Comptroller of the Commonwealth of Puerto Rico shall examine, at least once a year, all the accounts and books of the Company, and shall inform the Board, the Governor, and the Legislature of the result of his examination.
History —June 18, 1970, No. 10, p. 413, § 10.