Sec. 301. Purposes
211 words·~1 min read·
/bill/114/s/2381/is/section-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The purposes of this title are— to eliminate budget deficits and cash shortages of Puerto Rico through visionary financial planning, sound budgeting, accurate revenue forecasts, and careful spending; to ensure the most efficient and effective delivery of services, including public safety services, by the Commonwealth government during a period of fiscal emergency; to conduct necessary investigations and studies to determine the fiscal status and operational efficiency of the Commonwealth government; to assist the Commonwealth government in— restructuring the organization and workforce of the Commonwealth government to ensure that the residents of Puerto Rico are served by a government that is efficient and effective; ensuring the appropriate and efficient delivery of services; and modernizing the budget, accounting, personnel, procurement, information technology, and management systems to ensure the maximum financial and performance accountability of the Commonwealth government and officers and employees of the Commonwealth government; to enhance the access of the Commonwealth government to the capital markets; to ensure the continued orderly payment of the debt service obligations of the Commonwealth government; to ensure the long-term financial, fiscal, and economic vitality and operational efficiency of Puerto Rico; and to provide for the review of the financial impact of activities of the Commonwealth government before the activities are implemented or submitted for congressional review.