P.R. Laws tit. 21, § 4756
The association shall select a Board of Directors from among its members at a general assembly.
The Board of Directors shall be responsible for making administrative decisions regarding the functioning of the association and ascertaining that the general assembly’s agreements are carried out. The Board of Directors’ decisions shall be reached through a majority of its voting members. The Board shall meet at least once every three (3) months through a notice to such effects signed by its Chairperson.
The Board of Directors may contract in behalf of the association, the services needed to carry out the projects, chargeable to the funds appropriated for their development. Operational expenses incurred in monitoring the works and programs shall not exceed ten percent (10%) of the funds collected for their execution. Neither the association nor its Board of Directors may appropriate funds for donations to civic, political, religious or labor campaigns, or for lobbying, travel expenses or expense accounts.
History —Aug. 30, 1991, No. 81, § 16.007.