Sec. 203. Board of the Corporation
271 words·~1 min read·
/bill/114/s/3044/is/section-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Corporation shall have a board consisting of 7 members, including a chairman, of whom all shall— reside in Puerto Rico; have expertise in the economy, culture, history, and government of Puerto Rico; and represent the interests of labor, agriculture, small business, and the environment. The President shall appoint the individual members of the Board, of whom— 4 members should be selected from a list submitted by the legislative branch of the Puerto Rican government; 2 members should be selected from a list submitted by the Governor of Puerto Rico; and 1 member may be selected in the sole discretion of the President.
With respect to the appointment of a Board member described in subparagraph
(A)or
(B)of paragraph (1), such an appointment shall be by and with the advice and consent of the Senate, unless the President appoints an individual from a list, as provided in this subsection, in which case no Senate confirmation is required. Each member of the Board shall serve a term of 4 years and may be reappointed after the expiration of a term. Notwithstanding any ethics provision governing employees of the Commonwealth, all members and staff of the Board shall be subject to the Federal conflict of interest requirements described in section 208 of title 18, United States Code. Notwithstanding any ethics provision governing employees of the Commonwealth, all members of the Board and staff designated by the Board shall be subject to disclosure of their financial interests, the contents of which shall conform to the same requirements set forth in section 102 of the Ethics in Government Act of 1978 (5 U.S.C. App.).