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PC 1262

Para crear el Fondo de Proyectos de Capital Público del Gobierno de Puerto Rico; añadir la sub-claúsula (i) a la Cláusula (A), del Subinciso (1) del Inciso (b) del Artículo 3 de la Ley Núm. 147 de 18 de junio de 1980, según enmendada y conocida como “Ley Orgánica de la Oficina de Gerencia y Presupuesto”, para delegar el establecimiento y la administración del Fondo de Proyectos de Capital Público del Gobierno de Puerto Rico, delimitar su alcance, deberes, obligaciones y facultades, en la Oficina de Gerencia y Presupuesto; y para otros fines relacionados.

2025-2028 Session

Establishes a Public Capital Projects Fund to be created and run by the Office of Management and Budget, defining scope, duties, and governance for capital projects.

Firmado por el Presidente del Senado
0
WeVote Research Nonpartisan
Bill Summary · PC 1262

Overview

  • Bill: PC 1262
  • Session: 2025-2028
  • Jurisdiction: Puerto Rico

  • Title (paraphrased): Creates the Public Capital Projects Fund of the Government of Puerto Rico; adds a sub-clause to delegate establishment and administration of the Fund, define its scope, duties, obligations, and powers to the Office of Management and Budget (OGP/OGP in Spanish: Oficina de Gerencia y Presupuesto). Related provisions for other purposes.

  • Status: Filed (Radicado) on May 7, 2026.

Purpose and Intent

  • The bill aims to establish a dedicated Public Capital Projects Fund (Fondo de Proyectos de Capital Público) for the Government of Puerto Rico.
  • It seeks to delegate the establishment, administration, scope, duties, obligations, and authority over the Fund to the Office of Management and Budget (OGP).
  • The overarching goal is to formalize the governance, oversight, and operational framework for capital project funding and management at the territorial level.

Key Provisions

  • Legal Amendment: Adds a new sub-clause (i) to Clause (A) of Subparagraph (1) of Paragraph (b) of Article 3 of Law No. 147 of June 18, 1980, as amended (the Organic Law of the Office of Management and Budget). This is the statutory mechanism to authorize the transfer of authority to the OGP.
  • Fund Establishment and Administration: The OGP would be responsible for establishing the Public Capital Projects Fund and for its ongoing administration.
  • Scope and Boundaries: The bill would delineate the Fund’s reach—what kinds of capital projects qualify, the duration of funding, and potential sequencing or prioritization criteria.
  • Duties, Obligations, and Faculties: The new sub-clause is intended to specify:
    • How the Fund is to be managed (governance, reporting, accountability)
    • Responsibilities of the OGP (project evaluation, prioritization, budgeting, disbursement)
    • Obligations of other agencies or departments in relation to the Fund (coordination, information sharing)
    • Authorities granted to the OGP (issuance of guidelines, rules, and processes)

Who or What Would Be Affected

  • Primary Agency: Office of Management and Budget (OGP) would become the central authority for the Fund’s creation and management.
  • Other Government Entities: Agencies and departments involved in capital projects would interact with the Fund for funding, approvals, and compliance.
  • Fiscal and Planning Processes: Capital budgeting, project evaluation, prioritization, and disbursement processes may be re-aligned under OGP leadership.

Procedural and Timeline Considerations

  • Legislative Process: The bill has been radicado (introduced) as of May 7, 2026. Any further steps would include committee referrals, potential amendments, and floor votes in the Puerto Rico Legislature, followed by executive signature or veto.
  • Effective Dates: The summary does not specify an effective date; typically, enacted legislation includes a delayed effective date or phasing period for establishing the Fund and transitioning responsibilities to the OGP. Look for fiscal notes or transitional provisions in the final text.
  • Implementation Timeline: If enacted, implementation would likely involve: drafting the Fund’s governance framework, establishing internal procedures, updating related regulations, and coordinating with departments on project pipelines.

Potential Impacts and Considerations

  • Governance: Centralizing capital project management under the OGP could improve coordination, consistency, and accountability across capital investments.
  • Transparency: The Fund’s management would presumably be subject to reporting requirements to the legislature and possibly public disclosure standards.
  • Capital Budgeting: May affect how capital projects are prioritized, funded, and tracked, potentially influencing timelines and project delivery.
  • Fiscal Implications: Creation and operation of a dedicated Fund could alter budgetary processes, require initial capitalization, and impact short- and long-term fiscal planning.

Notes for Readers

  • The bill’s core change is legal authorization to place the Fund’s establishment and administration under the OGP. The exact mechanics, eligibility criteria for projects, funding sources, oversight metrics, and transition provisions will be detailed in the full text of the amended statute and any implementing regulations.
  • For stakeholders, monitor updates from the Puerto Rico Legislature on committee hearings, amendments, and the bill’s progress through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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