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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 corporations engage in commercial activities with their revenues ultimately being ...
On June 28, 2014, Governor Padilla signed into law the "Puerto Rico Public Corporation Debt Enforcement and Recovery Act", which sought to allow corporations owned by the Commonwealth, such as the Puerto Rico Electric Power Authority, the Puerto Rico Aqueducts and Sewers Authority, and the Puerto Rico Highways and Transportation Authority to ...
Puerto Rico has also established several government-owned corporations in order to provide basic and public services to its citizens, including electricity, water, transportation, and education, among others. These are separate legal entities from the Commonwealth, but the government owns virtually all of these corporations' stock.
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.
e. The Puerto Rico Public–Private Partnerships Authority ( P3A) ( Spanish: Autoridad para las Alianzas Público Privadas de Puerto Rico ( APPP )) is a government-owned corporation of Puerto Rico created in order to regulate public–private partnerships (PPP) in Puerto Rico. [ 1] It is a PPP unit whose responsibilities include promotion and ...
For example, in FY2011 the government-owned corporations reported aggregated losses of more than $1.3B with the Puerto Rico Highways and Transportation Authority (PRHTA) reporting losses of $409M, the Puerto Rico Electric Power Authority (PREPA; the government monopoly that controls all electricity on the island) reporting losses of $272M ...
Puerto Rico Industrial Development Company. Puerto Rico Maritime Transport Authority. Puerto Rico Municipal Financing Agency. Puerto Rico Ports Authority. Puerto Rico Public Broadcasting Corporation. Puerto Rico Public Finance Corporation. Puerto Rico Public–Private Partnerships Authority.
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.