1259

Contracts for the construction of any project, or any part thereof, may be awarded by the Authority through competitive bidding that will promote a free and open competition, including publication for competitive bids in a newspaper of general circulation in Puerto Rico. The Authority shall prescribe such bid surety requirements and other procedures in connection with the award of such contracts, which, in its judgment, shall protect the public interest.\nThe Authority may provide by written contract that it or the trustee under a trust agreement may make advances or reimbursements to the debtor or prospective debtor, from the proceeds of bonds for the acquisition and construction of any project, including the acquisition of the site and other real property for such project, the preparation of plans, specifications and contracts, the inspection and supervision of the construction, the employment of engineers, architects, builders and other contractors, to cover the costs incurred, and it shall set forth the documents that said debtor or prospective debtor must submit to the Authority or the trustee, as well as the inspections, examinations and audits which shall be required in

and it shall set forth the documents that said debtor or prospective debtor must submit to the Authority or the trustee, as well as the inspections, examinations and audits which shall be required in connection therewith to assure compliance with the provisions of this chapter and such contract.\nHistory —June 27, 1977, No. 121, p. 310, § 8, renumbered as § 9 and amended on June 12, 1978, No. 48, p. 162, § 9.