409b

The accounts, funds and properties of the Authority, as well as the debts, obligations, contracts, receipts and expenses thereof, shall be deemed as assets and liabilities of said public corporation exclusively, and not of the Bank nor of the Government of Puerto Rico or any office, bureau, department, commission, dependency, municipality, branch, agent, official or employee thereof.All the money of the Authority shall be deposited in financial institutions qualified to receive funds of the Government of Puerto Rico. They shall maintain one or several separate accounts in the name of the Authority. The disbursements shall be made in compliance with the regulations and budgets approved by the Board of Directors. History —May 6, 1974, No. 25, Part 1, p. 136, added as § 9 on June 24, 1998, No. 94, § 11.