P.R. Laws tit. 23, § 2907
(a) All monies of the Authority shall be deposited with the Government Development Bank for Puerto Rico or with depositories qualified to receive funds of the Commonwealth of Puerto Rico, but they shall be kept in a separate account or accounts in the Authority’s name. Disbursements shall be made by the Authority in accordance with the rules and budgets approved by the board.
(b) The Authority shall be exempt from the provisions of §§ 283 et seq. of Title 3, known as the “Puerto Rico Government Accounting Act”. The Authority, with the approval of the Secretary of the Treasury, shall establish the accounting systems required for the proper control and statistical records of all expenditures and revenues pertaining to, or administered or controlled by the Authority. The Authority’s accounts shall be handled in such a manner so that these may be properly segregated, to the extent advisable, in connection with the various kinds of operations, projects, and activities of the Authority.
(c) Notwithstanding the foregoing, all transactions and accounts of the Authority shall be subject to supervision by the Office of the Comptroller of Puerto Rico.
History —Aug. 11, 2002, No. 171, § 8.