P.R. Laws tit. 3, § 779c
The Board of Trustees shall adopt regulations for the administration of the investments in capital markets and loans to employees authorized by §§ 779-779c of this title. The regulations for investments in capital markets shall include the following without it being understood as a limitation:
(1) The criteria, requirements and conditions for the selection, contracting, and evaluation of the performance of the managers of funds and custodial banks, that shall be contracted to perform the investments authorized by §§ 779-779c of this title.
(2) The investment policy for the resources of the System in capital markets.
(3) The norms for the administration, lease, sale, encumbrance or execution of real estate acquired to generate income.
History —May 15, 1951, No. 447, p. 1298, added as § 19C on June 29, 1988, No. 46, § 4; renumbered as § 4-108 on Sept. 24, 1999, No. 305, § 36.