695i

(a) The Council of Trustees shall appoint a General Auditor who shall be the director of the General Auditing Division to be created by the Trust. The General Auditor shall directly answer to the Council of Trustees and be responsible for supervising the appropriation, use and disbursement of the funds of the Trust and for conducting quarterly audits of the same.(b) The Executive Director shall also have the duty of periodically maintaining the Council of Trustees informed about:(1) The disbursements and use of the moneys of the Trust;(2) the economies and efficient use by the Trust of its resources, and(3) the systems, procedures and practices employed by the Trust to monitor the use and disbursement of its funds.(c) The Trust shall be subject to the duties and powers of the Office of the Comptroller of Puerto Rico.(d) The Office of Management and Budget is likewise empowered to conduct audits and studies concerning the activities and achievements of the Trust and on its fiscal operations. History —Aug. 18, 2004, No. 214, § 11.

(a) The Council of Trustees shall appoint a General Auditor who shall be the director of the General Auditing Division to be created by the Trust. The General Auditor shall directly answer to the Council of Trustees and be responsible for supervising the appropriation, use and disbursement of the funds of the Trust and for conducting quarterly audits of the same.(b) The Executive Director shall also have the duty of periodically maintaining the Council of Trustees informed about:(1) The disbursements and use of the moneys of the Trust;(2) the economies and efficient use by the Trust of its resources, and(3) the systems, procedures and practices employed by the Trust to monitor the use and disbursement of its funds.(c) The Trust shall be subject to the duties and powers of the Office of the Comptroller of Puerto Rico.(d) The Office of Management and Budget is likewise empowered to conduct audits and studies concerning the activities and achievements of the Trust and on its fiscal operations. History —Aug. 18, 2004, No. 214, § 11.