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The Royal Decree of Graces of 1815 (Spanish: Real Cédula de Gracia de 1815) is a decree approved by the Spanish Crown in August 1815 to encourage Spaniards, and Europeans of non-Spanish origin but coming from countries in good standing with Spain, to settle in and populate Puerto Rico.
Financial Oversight and Management Board for Puerto Rico (FOMBPR), colloquially known as La Junta de Control/Supervisión Fiscal is a government entity whose role to revise and approve the budget and obligations of the government of Puerto Rico was created by federal law PROMESA.
The Puerto Rico Department of Economic Development and Commerce (Spanish: Departamento de Desarrollo Económico y Comercio de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the economic development in the U.S. Commonwealth of Puerto Rico and all its commerce related matters.
In the USA, a business entity which is either registered with or chartered by a government agency such as a corporation, limited liability company, limited partnership, limited liability partnership, or limited liability limited partnership is said to be in good standing if it has filed and continued to file all appropriate paperwork with the government agency which provides its charter, and ...
In October 2017, a month after Hurricane Maria devastated Puerto Rico's infrastructure, $41.2 million in federal funds was earmarked for The Puerto Rico Office for Socioeconomic and Community Development (ODSEC) with a mandate that the funds be distributed, for infrastructure work, to municipalities with over 50,000 inhabitants. [2]
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 Bank was the brainchild of Governor Rexford Guy Tugwell, who signed Law 253 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government of Puerto Rico.
Its purpose is to guarantee the constitutional right of all workers to be protected from health risks in the workplace. Through Act Number 83 of October 29, 1992, which amended Act Number 45, a board of directors was established and is appointed by the Governor of Puerto Rico. [2]
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