To amend Articles 3, 4, 6 and 8 of Law 209-2003, as amended, known as the “Puerto Rico Statistics Institute Act”, for the purpose of updating references to laws that have been repealed and replaced by existing legislation; increasing the threshold for approval of contracts by the Board of Directors; and for other related purposes.

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Date: October 15, 2014

To amend Article 6 of Law 209? 2003, as amended, in order to provide that the Institute of Statistics of Puerto Rico may request, accept and receive donations, and to set and collect reasonable fees for obtaining the information and studies that originate, analyze or disclose by the Institute; that the sums collected for this purpose will be entered into a special account called “Special Fund of the Institute of Statistics of Puerto Rico”, which may be used to defray the operating and operating expenses of the Institute and the statistical activities that the Institute determine; amend Article 8 of the above-mentioned Act No. 209? 2003, to establish that the Board of Directors of the Institute has the power to approve the acquisition of equipment, materials and services whose value exceeds one hundred thousand ($100,000) dollars; and to amend Article 11 of the aforementioned Law 209? 2003, for...

To create the “Puerto Rico Financial Transparency Act” for the purpose of government agencies, public corporations and municipalities establishing a collaborative agreement with the Puerto Rico Institute of Statistics to join its financial transparency platform.