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Code · BILL · 115th Congress · H.R. 6827 (Introduced in House) — To provide the option of discharging certain unsecured financial obligations of self-governing territories of the Uni... · Sec. 307

Sec. 307. Powers and responsibilities

337 words·~2 min read·/bill/115/hr/6827/ih/section-307·

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To carry out the duties of the Commission under section 304, the Commission shall— adopt internal bylaws as appropriate for the proper operations and fulfillment of the objectives of the Commission; define and propose to the Department of the Treasury the hiring of staff to conduct audits in accordance with the rules and administrative procedures set forth by the laws of the Commonwealth of Puerto Rico relating to technical audits; designate and hire a minimum number of regular personnel required to carry out the duties and fulfill the objectives of the Commission; read reports relating to the audit processes and other studies that have been entrusted to commissions and technical units relating to audits of public debt; review and approve the annual budget and operational plan of the Commission based on those devised by the Director of the Office of Management and Budget; as appropriate, request technical support from any public institution, including by, as necessary, through the request for the transfer, on a temporary assignment, of any technical personnel required to carry out a specific program of the Commission after stating the length of the period for which the transfer will be required; hold— a regular meeting not less than twice each month; and a special meeting upon the request of not less than 3 of the members of the Commission; access the information necessary to discharge the duties of the Commission; file with the Legislative Assembly of the Commonwealth of Puerto Rico and the Governor of the Commonwealth of Puerto Rico periodic reports stating achievements of the Commission in carrying out the duties of the Commission under section 304, which shall include any recommendation or suggestion that the Commission determines to be pertinent, including any relevant recommendation of the Commission relating to the commencement of any appropriate administrative, civil, or criminal action relating to the findings of the Commission; and propose rules and policies relating to strengthening the procedures relating to audits of public debt as a permanent duty of the Commonwealth of Puerto Rico.
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