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The Department of Economic Development and Commerce was created by Pedro Rosselló in 1994 as an umbrella organization under which several economic development agencies would operate in a more coordinated fashion. Its first Secretary was Luis Fortuño, who appointed its former head, José Pérez Riera, after being elected Governor in 2008.
Puerto Rico is an island in the Caribbean region in which inhabitants were Spanish nationals from 1508 until the Spanish–American War in 1898, from which point they derived their nationality from United States law. Nationality is the legal means by which inhabitants acquire formal membership in a nation without regard to its governance type ...
Puerto Rico. Puerto Rico[i] (Spanish for 'rich port'; abbreviated PR), [21] officially the Commonwealth of Puerto Rico, [b][j] is a self-governing Caribbean archipelago and island organized as an unincorporated territory of the United States under the designation of commonwealth.
The Puerto Rico State Insurance Fund Corporation — Spanish: Corporación del Fondo del Seguro del Estado (CFSE)—is a government-owned corporation of Puerto Rico that provides workers' compensation in Puerto Rico. The Corporation is headed by a board of directors appointed by the Governor of Puerto Rico and subject to the advice and consent ...
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 ...
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 the spring of 2024, FOMB sent two letters to the Governor of Puerto Rico and the legislature threatening to overturn a solar net energy metering law, known as Act 10. [ 17 ] [ 18 ] Act 10 was unanimously passed by the legislature in 2023, and signed into law by Governor Pierluisi in January 2024, and it extended net energy metering for new ...
Other branches. v. t. e. The Puerto Rico Department of Treasury (Spanish: Departamento de Hacienda de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the treasury of the U.S. Commonwealth of Puerto Rico. It is one of the constitutionally-created executive departments and is headed by a Secretary.
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