The Puerto Rico National Guard Institutional Trust shall submit the following reports to the Legislature and to the Governor of Puerto Rico after the closing of each Government of the Commonwealth of Puerto Rico’s fiscal year, but prior to the close of the calendar year:
(1) A financial statement that clearly reflects the operations of the Trust for the previous year, and
(2) a complete report of the status and the development of all its financings and activities from the creation of the Trust, or from the date of its last report.
As an additional safeguard, it shall be required that these reports cover in detail the use and control of funds so that the Legislature, as well as the Governor, can be in a position at all times to proceed or act in behalf of the best public interests.
History —July 23, 1991, No. 23, § 21.