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The government of the Commonwealth of Puerto Rico is a republican democracy established by the Constitution of Puerto Rico in 1952. Under a system of separation of powers , the government is divided among three branches: the executive , the legislative , and the judicial .
In a 1996 report on a Puerto Rico status political bill, the "U.S. House Committee on Resources stated that PR's current status does not meet the criteria for any of the options for full self-government". It concluded that Puerto Rico is still an unincorporated territory of the U.S. under the territorial clause, that the establishment of local ...
The government-owned corporations of Puerto Rico are autonomous, independent, and self-sufficient legal entities owned entirely or in large by the executive branch. These corporations engage in commercial activities with their revenues ultimately being allocated towards the government's treasury: the Puerto Rico Consolidated Fund.
The government-owned corporations of Puerto Rico —or public corporations (Spanish: corporaciones públicas)— are a set of corporate entities owned entirely or in large part by the executive branch of the government of Puerto Rico or by its municipalities.
The United States acquired the islands of Puerto Rico in 1898 after the Spanish–American War, and the archipelago has been under U.S. sovereignty since.In 1950, Congress enacted the Puerto Rico Federal Relations Act of 1950 or legislation (P.L. 81-600), authorizing Puerto Rico to hold a constitutional convention and, in 1952, the people of Puerto Rico ratified a constitution establishing a ...
Puerto Rico is barred from a traditional municipal bankruptcy protection under Chapter 9 of the U.S. code. The filing includes only Puerto Rico's central government, which owes some $18 billion in ...
The Constitution of the Commonwealth of Puerto Rico (Spanish: Constitución del Estado Libre Asociado de Puerto Rico, lit. 'Constitution of the Free Associated State of Puerto Rico') is the primary organizing law for the unincorporated U.S. territory of Puerto Rico, describing the duties, powers, structures and functions of the government of Puerto Rico in nine articles.
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