P.R. Laws tit. 23, § 5039
The debts and obligations of the Corporation shall not be debts and obligations of the Commonwealth of Puerto Rico or its political subdivisions, except that the Commonwealth Government may assume, endorse, reinforce, guarantee or otherwise assume responsibility or answer for debts of the Corporation arising from lines of credit granted or awarded by the Government Development Bank or any other public or private entity.
To maintain a sound administration and for the Government Development Bank to maintain its supervision of loan margins and fiscal health, the Corporation is hereby compelled to remit annual financial statements to the Government Development Bank, as well as any other document that the Government Development Bank deems necessary.
History —Sept. 24, 2004, No. 489, § 10.