P.R. Laws tit. 23, § 263i
(a) Every eligible business benefited by the provisions of this chapter must file an annual report before the Fund, through the securing creditor who granted the loan, specifying its financial situation and the manner in which the funds received under the loan security program established by this chapter are being used or have been used. The Fund may take whatever measures it deems necessary, including the imposition of surcharges and suspension of benefits, in order to obtain faithful compliance of this obligation. The securing creditor shall be responsible for obtaining said report from the client and remitting it to the Fund.
(b) The Executive Director of the Fund shall render an annual report on the operations of the Fund to the Legislature of Puerto Rico, and to the Governor of Puerto Rico at the beginning of each regular session.
This report shall include:
(1) A statement audited by professionally recognized external auditors, selected by the Securities Committee.
(2) A report of the transactions carried out from the creation of the Fund, or from the date of its last report.
History —July 9, 1985, No. 97, p. 313, § 10.