P.R. Laws tit. 23, § 488
As part of the its operations, the Fund shall at least define and adopt the following policies, norms, and procedures:
(1) Operating budget of the Office of the Fund.
(2) Identification of the technical resources of the Fund for its operation and the evaluation of projects.
(3) Investment policies of the Fund.
(4) Eligibility criteria of projects.
(5) Policies and procedures for evaluation of projects.
(6) Policies on the management of projects, including investment mechanisms in approved projects and follow-up processes of the investment contemplated by the monitoring of projects, the rendering of managerial technical support and the adoption of measures for the control and protection of the investment.
(7) Responsibilities and functions of the Executive Director of the Office of the Fund.
In addition to executing investment agreements, the Fund may use its office and operating budget resources to provide managerial support to eligible cooperative enterprises. Said support may be through direct managerial support or through continuing education programs, both, in areas such as management, accounting, finances, and marketing.
History —Aug. 18, 2002, No. 198, § 10.