(a) All moneys of the Company shall be deposited in qualified depositories for funds of the Government of the Commonwealth of Puerto Rico. The accounts shall be in the name of the Company. Disbursements shall be made by it pursuant to the applicable regulations and the budgets approved by the Administrator.(b) The Company shall, in consultation with the Secretary of the Treasury, establish the accounting system required for the proper statistical control and record of all expenses and income belonging to or managed by the Company. The Company’s accounts shall be kept in such manner as appropriately to segregate same in respect of the different classes of activities of the Company.(c) The Comptroller of the Commonwealth shall audit all accounts and books of the Company and shall render a report on his auditing to the Legislative Assembly, the Governor and the Administrator. History —June 21, 1966, No. 90, p. 288, § 14.
Puerto Rico Legal Code