P.R. Laws tit. 23, § 6470

2019-02-20 00:00:00+00
§ 6470. Funds and accounts; accounting system

The moneys of the Authority shall be deposited with recognized depositaries for the funds of the Commonwealth of Puerto Rico, but shall be kept in a separate account or accounts in the name of the Authority. Disbursements shall be made by it according to the budget regulations approved by the Board.

The Authority, in consultation with the Secretary of the Treasury, shall establish the accounting system required for the adequate control and statistical registration of all expenses and income belonging to or administered or controlled by the Authority. The accounts of the Authority shall be kept in such a form that they may appropriately be segregated, insofar as advisable, with regard to the different types of operations, projects, enterprises and activities of the Authority.

History —Sept. 2, 2000, No. 351, § 6.10, renumbered as § 6.09 and amended on Oct. 4, 2001, No. 142, § 37.