P.R. Laws tit. 15, § 2013
Without it being construed as a limitation, the College shall have the following functions and powers:
(a) To exist and operate under that name.
(b) To create and adopt those regulations that are required to carry out the duties and functions described in this chapter.
(c) To have juridical personality to sue and be sued; to exist in perpetuity.
(d) To own and use an official seal which may be altered at will and of which judicial notice shall be taken.
(e) To acquire rights, and personal and real estate property through, donations, bequests, purchase, or by any other legal means, or to own and dispose of them in agreement with applicable laws and regulations, as long as it shall be necessary and convenient to achieve its purposes.
(f) To create and adopt its regulations and to amend the same in the manner and as required thereby, thus always guaranteeing the individual rights of the College members, without impairing interstate commerce rights covered under the Commerce Clause of the Federal Constitution.
(g) To adopt a Code of Professional Ethics, which shall govern the conduct of its members as well as the procedures to receive, investigate, and adjudicate complaints relative to the practice and the conduct of the College members and in such manner that OSPEP may impose applicable sanctions.
(h) To protect its members, promote their professional development and provide for the creation of insurance and special fund systems and other voluntary protection services for its members.
(i) To implement free ticket or special ticket-price programs for public performances intended for Puerto Rican low income communities, without impairing the legislation in effect which regulates said matters.
(j) In order to set forth the purposes of this chapter, the College is hereby authorized to create the Puerto Rico Public Performance Producers Foundation, which shall operate as a non-profit corporation duly registered in the Department of State. However, the Foundation shall provide community service programs, whether educational, sports, artistic, cultural and any other programs of social and professional interest, among others. The College, with the previous expressed authorization of the members in assembly, may transfer by onerous title or gratuitous title to the Foundation any of the personal or real property that the College may deem necessary so that the Foundation may achieve the purposes of its creation.
(k) To coordinate with the Department of State to establish relations or an affiliation with analogous colleges or associations in the states and in other territories of the United States of America and foreign countries, pursuant to the applicable reciprocity and courtesy rules.
(l) To exercise incidental powers necessary for achieving the purposes of its creation and that are not in conflict with the provisions of this chapter.
(m) To have full control of its properties and activities, including the control of its funds. It shall adopt its own accounting system.
(n) Likewise, the College may enter into contracts and execute all kinds of documents necessary and/or convenient for the exercise of its powers.
(o) Each year, the Comptroller of Puerto Rico or his/her representative shall examine the accounts and books of the College and those of the Foundation. Likewise, the College member shall be entitled to inspect the financial statements, contracts, payrolls and remunerations of the College.
(p) To administer its own personnel system and appoint all the officers, agents, and employees it deems necessary and assign to them the corresponding function as well as to fix their compensation pursuant to the regulations established by the Board of Directors. The Board of Directors shall adopt for the College a personnel system, compensation schedules and classification plans, and the rules and regulations necessary to comply with the purposes of this chapter.
(q) To accept donations or loans, and enter into contracts, leases, agreements, and other transactions with federal agencies, the Commonwealth of Puerto Rico and the Commonwealth agencies, instrumentalities and municipalities, and to invest the proceeds of any donations or loans for any valid institutional purpose.
(r) To lease and dispose of any of its properties and of any interest thereon, in the form, manner, and to the extent determined by the College.
(s) To perform any necessary and convenient actions to exercise the powers granted thereto by this chapter and any other act.
(t) To receive funds from public and private sources and use said funds in compliance with the objectives that respond to those of this College and the conditions imposed by the fund grantors.
History —Sept. 16, 2005, No. 113, § 4.