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251f — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part I - Banks/
  6. Chapter 17a - Regulation of Deposits of Public Funds Sub/
  7. Subchapter I - General Provisions § 251 - General Definitions/
  8. 251f
Puerto Rico Legal Code

251f

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The Secretary or his/her authorized representative shall be empowered to perform periodic examinations of the depositaries of public funds, for the purposes of ensuring compliance with the provisions of this chapter and its regulations.The Secretary is likewise empowered to establish a daily information system that will allow him to know the data or the transactions performed with public funds and with their collaterals. History —Aug. 14, 1991, No. 69, § 1.8.