Public Corporations Of The Government Of Puerto Rico
The government-owned corporations of Puerto Rico are autonomous, independent, and self-sufficient legal entities owned entirely or in large by the executive branch of the government of Puerto Rico or its municipalities. These corporations engage in commercial activities with their revenues ultimately being allocated towards the government's treasury —the Puerto Rico Consolidated Fund— or the corresponding municipal treasury. Some corporations have been criticized since their creation since some of them are not profitable and depend on the issue of bonds or large indebtedness to operate, or because they constitute a government monopoly or control a unique asset (such as a port, toll, or land).
Read more about Public Corporations Of The Government Of Puerto Rico: Owned By The Executive Branch, Owned By Municipalties, Criticism
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