P.R. Laws tit. 8, § 1017
(1) Generally.— Any community, charity, or religion-based organization contracted to provide assistance under any of the programs described in § 1011(b)(1) of this title shall be subject to the same regulations that apply to private entities that establish contracts with the Government to be accountable for the use of funds provided under same, pursuant to the generally accepted auditing standards. All organizations contracted to receive assistance or funds by virtue of the dispositions set forth in this chapter shall be compelled to maintain a detailed accounting system of the income and expenses of the public funds received. Also, same shall render an annual report no later than December 31 of each year to the department or agency with jurisdiction over the programs included in § 1011(b)(1) of this title set in effect by the private organizations authorized by this chapter. Said report shall contain the information that the Management and Budget Office, created by virtue of §§ 101–109 of Title 23, sets forth by means of regulation. The Management and Budget Office shall also set forth by regulation the minimum criteria and dispositions to be included in every contract granted to private organizations.
(2) Limited audits.— All organizations that receive funds pursuant to this chapter shall segregate said government funds into accounts held separately from other funds of private nature, for the former to be audited pursuant to the dispositions set forth in subsection (1) of this section. The Office of the Comptroller of the Commonwealth of Puerto Rico shall have jurisdiction to audit all public funds received by private organizations. If the private organization has not kept separate accounts, pursuant to the dispositions set forth in this chapter, the Office of the Comptroller shall have jurisdiction to audit all the financial activities of said private organization.
History —May 16, 2003, No. 131, § 7.