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586 — Puerto Rico Law | CourtGPT
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  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part III - Other Financial Institutions/
  6. Chapter 61 - Government Development Bank for Puerto Rico Sub/
  7. Subchapter II - Development Bank As Agent for the Government § 581 - Fiscal Agent to the Government, Its Agencies and Municipalities/
  8. 586
Puerto Rico Legal Code

586

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The municipalities of Puerto Rico and the Secretary of the Treasury of Puerto Rico are hereby authorized and directed to make available to the Bank, for the purposes of § 585 of this title, prior to the issuance, sale or exchange by the municipalities of Puerto Rico or by the Secretary of the Treasury of Puerto Rico on behalf of the municipalities of Puerto Rico, of any bonds, notes or other evidences of indebtedness, such transcripts, certificates, documents or other information, as the Bank may, in its discretion, require for an understanding of the financing procedure proposed by any municipality of Puerto Rico or by the Secretary of the Treasury of Puerto Rico on behalf of any municipality of Puerto Rico. History —May 15, 1945, No. 272, p. 952, §§ 6, 15.