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(a) Each Secretary or head of an agency and of a public corporation shall present to the Secretary of State and the Secretary of the Treasury, on or before October 31 of the election year, a detailed report with an inventory and description of the property assigned to each agency, whose cost of acquisition is greater than five hundred dollars ($500).(b) Secretaries, heads of agencies, departments or public corporations of the Government of the Commonwealth of Puerto Rico shall submit their respective inventories at the offices of the Secretary of State and the Secretary of the Treasury [sic]. History —Aug. 18, 2002, No. 197, § 3.