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The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: Oficina del Comisionado de Instituciones Financieras (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations.
In addition to Members of Congress, fifteen non-governmental organizations including NRDC, GRID Alternatives, Community Foundation of Puerto Rico, Environment America, and the League of Conservation Voters all wrote a letter to President Biden asking that he appoint new commissioners to FOMB's board who would protect rooftop solar and storage ...
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.
[24] [25] "Without action before April, Puerto Rico’s ability to execute contracts for Fiscal Year 2018 with its managed care organizations will be threatened, thereby putting at risk beginning July 1, 2017 the health care of up to 900,000 poor U.S. citizens living in Puerto Rico", according to a letter sent to Congress by the Secretary of ...
The Cabinet-level officers of the executive branch of the government of Puerto Rico are the heads of the executive agencies that report directly to the Governor of Puerto Rico or to the Chief of Staff who also happen to not be Secretaries of an executive department nor members of an executive office—except for the Directors of the Office of Management and Budget and the Planning Board who ...
The Office was formerly known as the "Bureau of the Budget", was created by Law 213 of May 12, 1942, during the administration of Governor Rexford Guy Tugwell, who was part of the brain trust of U.S. President Franklin D. Roosevelt, and who was appointed as the last non-native Puerto Rican governor by Roosevelt. The Bureau was part of a package ...
Article IV of the Constitution of Puerto Rico vests the executive power on the Governor. [1] The Governor has a duty to enforce state laws, to convene the Legislative Assembly, the power to either approve or veto bills passed by the Legislative Assembly, to appoint government officers, to appoint Justices, and to grant pardons.
The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...