P.R. Laws tit. 22, § 905
The Board shall designate one of its members as Chairperson and another as Vice Chairperson; Provided, That the term for which these members hold said office shall not exceed the term for which these members hold their respective offices as Board members. The Board shall appoint a Secretary, a Treasurer and any other officers it may determine, who may be members of the Board. The Board shall also adopt, amend or revoke bylaws and other rules of the Authority that are not in conflict with §§ 901—917 of this title, or other laws that provide for the administration of the Authority. The Board shall also appoint an Executive Director, who shall not be a member of the Board and who shall be in charge of the general administration of the Authority and shall supervise all the officers, employees and agents thereof. The Executive Director shall have the following duties and functions, among others:
(a) To carry out all administrative and managerial actions that are necessary and convenient for the implementation of §§ 901—917 of this title and of any other regulations adopted by virtue thereof;
(b) to adopt reasonable and appropriate norms and administrative orders to implement and put in effect the provisions of §§ 901—917 of this title;
(c) to administer and operate the facilities of the Authority subject to the regulations in effect and the norms established by the Board;
(d) to administer its own personnel system and to appoint all its officers (in accordance with the other provisions of §§ 901—917 of this title), agents, employees and external advisers and consultants;
(e) to impose on the officers, agents and employees of the Authority the corresponding disciplinary measures, according to the regulations adopted by the Board to such effects, that do not contravene the collective bargaining agreements negotiated with the exclusive representatives of the union employees, and
(f) all other powers and duties assigned to him/her by the Governing Board by means of the bylaws.
Prior to issuing any bonds under the provisions of §§ 901—917 of this title, the Secretary, the Treasurer and every Board member shall post a bond in the amount to be determined by the Board, conditioned on the good faith in the performance of the duties of the office of Secretary, Treasurer, or member, as the case may be, and served by a bonding company authorized to do business in the Commonwealth of Puerto Rico as a guarantor. Each of these bonds shall be submitted to the Secretary of Justice for approval, and upon his/her approval, shall be filed with the office of the Secretary of State prior to the bond issue by the Authority. Anytime after the Authority’s bond issue and while those bonds have not been cancelled, the Secretary, the Treasurer and every member shall hold said bond fully active and effective. All costs of said bonds shall be borne by the Authority.
History —June 19, 1958, No. 56, p. 120, § 4; July 2, 1991, No. 18, § 5; May 16, 2006, No. 97, § 5.