P.R. Laws tit. 23, § 291

2019-02-20 00:00:00+00
§ 291. Reports

The Company shall submit to the Legislature, to the Office of Management and Budget and to the Governor of Puerto Rico, as soon as practicable after the close of the fiscal year of the Commonwealth Government:

(1) A financial statement audited and prepared according to generally-accepted accounting principles, which shall include the income and the expenditures of the Company during the fiscal year accounted for, a statement of the condition of the Company at the close of said fiscal year, and a complete report of the business of the Company for the preceding fiscal year, and

(2) a complete report on the status and progress of all its enterprises and activities from the creation of the Company or from the date of its last such report. The Company shall also submit to the Legislature and to the Governor of Puerto Rico, on such other times as required to do so, official reports of its business and activities pursuant to §§ 271-291a of this title.

History —May 11, 1942, No. 188, p. 934, § 15, renumbered as § 21 and amended on May 14, 1952, No. 456, p. 950, §§ 13, 15; renumbered as § 20 and amended on Dec. 29, 1997, No. 203, § 13, eff. Jan. 1, 1998.