P.R. Laws tit. 23, § 3204

2019-02-20 00:00:00+00
§ 3204. Authority—Funds and accounts

The moneys of the Authority shall be deposited with depositories qualified to receive funds of the Government of Puerto Rico, but shall be kept in a separate account or accounts in the name of the Authority. The Authority shall make the disbursements of the same, pursuant to the regulations and budgets approved by it.

The Authority shall establish the accounting system required for the proper control and statistical registration of all expenses and income belonging to, managed or controlled by the Authority, pursuant to the generally accepted public accounting principles. The accounting system of the Authority shall be kept in such a way that will properly identify and separate, as may be advisable, the accounts of the different types of enterprises and activities of the Authority.

History —Jan. 1, 2000, No. 1, § 5.