P.R. Laws tit. 11, § 30b
(a) Investments in foreign countries shall not exceed five percent (5%) of the total resources of the Corporation.
(b) For the purpose of making the investments authorized in this chapter, the Board shall contract any specialized professional services that may be necessary, including those of consultants and money managers for the Corporation.
(c) Any investments made under the provisions of this chapter shall be carried out cautiously, carefully and on the basis of the criteria which prudent, reasonable and experienced persons exercise in handling their own affairs, for investment and not speculative purposes, taking into consideration the balance that should exist between yield expectations and risk.
History —Apr. 18, 1935, No. 45, p. 250, added as § 29B on Oct. 29, 1992, No. 83, § 3; renumbered as § 27B on July 1, 1996, No. 63, § 3.