P.R. Laws tit. 9, § 2027

2019-02-20 00:00:00+00
§ 2027. Financial and Operational Plan for the HTA and/or the ITA

(a) In general.— Within forty-five (45) days after his/her appointment, the Emergency Officer shall develop and publish on his/her website a Financial and Operational Plan for the HTA and/or the ITA, in consultation with the HTA and/or the ITA. The Emergency Officer may amend such Financial and Operational Plan from time to time as deemed necessary. Any amendment to the Financial and Operational Plan shall be published on the website as an attachment to the original Plan. Within fifteen (15) days after the Plan is published, the Emergency Officer, in conjunction with the Secretaries and/or Directors of the HTA and/or the ITA, shall hold a public information meeting to be broadcasted online to discuss the provisions of the Plan and the implementation thereof.

(b) Content.— The Financial and Operational Plan for the HTA and/or the ITA shall contain, at least, the following:

(1) A strategy to carry out the functions of the HTA and/or the ITA with the available resources in accordance with the projected revenues estimate drafted by the Emergency Office;

(2) A strategy to meet debt service requirements in accordance with the applicable terms including, but not limited to, the payment of any bonds, notes, or any other legal obligation incurred by the HTA and/or the ITA;

(3) A detailed account of the actions to be implemented on a monthly and yearly basis to restructure the finances and operations of the HTA and/or the ITA and address the Fiscal and/or Operational Emergency of said agencies;

(4) A request for proposal to be made on or before March 31 st, 2015 to reorganize the operations of the ITA and certain operations of the HTA by means of a public private partnership or franchise.

History —Jan. 15, 2015, No. 1, § 3.06.