P.R. Laws tit. 7, § 251
For the purposes of this chapter, the following terms shall have the meaning set forth hereinbelow:
(1) Commissioner. — Means the Financial Institutions Commissioner.
(2) Depositary of public funds. — Means that financial institution which in accordance with the provisions of this chapter is authorized by the Secretary of the Treasury to receive deposits of public funds through the execution of a contract.
(3) Government entity. — Means every public agency, department, instrumentality, board, office, committee, dependency or corporation of the Commonwealth of Puerto Rico and includes municipalities and any of their dependencies, as well as the Legislative and Judiciary Branches.
(4) Financial institution. — Means any bank, savings and loans institution, trust company authorized by the Commissioner to perform banking business, savings and credits unions or branch offices thereof, that are doing business in Puerto Rico.
(5) Secretary. — Means the Secretary of the Treasury of the Commonwealth of Puerto Rico.
History —Aug. 14, 1991, No. 69, § 1.2.