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PC 421

Para crear la “Ley de Notificaciones de Pérdidas o Irregularidades en el Manejo de Fondos y Bienes Públicos” para establecer las normas a seguir para la notificación de pérdidas o irregularidades en el manejo de bienes públicos; imponer sanciones por incumplimiento; derogar la Ley Núm. 96 de 26 de junio de 1964, según enmendada; y para otros fines relacionados.

2025-2028 Session

Puerto Rico replaces its 1964 public funds oversight law with modernized notification requirements and sanctions for officials failing to report asset losses or management irregularities.

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Bill Summary · PC 421

Legislative bill overview

Bill PC 421 creates a new law establishing mandatory notification procedures for losses or irregularities in the management of public funds and assets in Puerto Rico. It repeals the previous 1964 law governing such notifications and establishes penalties for non-compliance with the new requirements.

Why is this important

Public accountability for government resources is fundamental to preventing corruption and mismanagement. Updating a 60-year-old notification law reflects evolving administrative practices and could strengthen oversight mechanisms, though effectiveness depends entirely on how penalties are enforced and which officials bear reporting obligations.

Potential points of contention

  • Scope ambiguity: The bill's definition of "irregularities" and "losses" may be vague, potentially creating disputes over what must be reported versus what constitutes acceptable administrative variance
  • Enforcement mechanism: Without clarification on which agencies investigate violations and what specific penalties apply, the law could become symbolically important but practically weak
  • Reporting burden: Unclear whether new requirements will be placed on individual employees, department heads, or agencies collectively, which could either enable accountability or create liability concerns for whistleblowers

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

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