P.R. Laws tit. 18, § 398a
2019-02-20 00:00:00+00
(a) The System shall be authorized to invest all available resources that are not required for its regular operations in the securities authorized under the Investment Guidelines promulgated by the Government Development Bank for Puerto Rico and the Investment Guidelines established and approved by the System.
(b) Investments made in accordance with the provisions of this chapter shall be executed with the foresight and care and under the criteria that prudent, reasonable and expert individuals exercise in conducting their own affairs for investment and not speculative purposes, also taking into consideration the balance that must exist between yield and risk expectations.
History —Dec. 24, 2013, No. 160, § 6.2.