Para enmendar el inciso (a) del Artículo 7 de la Ley Núm. 2 de 18 de enero de 2017, según enmendada, mejor conocida como “Ley de la Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico”, a los fines de establecer que el Director Ejecutivo de la Autoridad de Asesoría Financiera y Agencia Fiscal no podrá, en ninguna circunstancia, ocupar ningún otro cargo como funcionario del Gobierno de Puerto Rico, aunque no reciba remuneración; y para otros fines relacionados.

2025-2028 Session

The bill prohibits the Executive Director of AFAF from holding any other government office or position, paid or unpaid, in any circumstance.

Referido a Comisión(es)

Summary of Bill PC 1200 (Session 2025-2028, Puerto Rico)

Purpose and intent

The bill amends subsection (a) of Article 7 of Law No. 2 (January 18, 2017), as amended, commonly known as the “Financial Advisory and Fiscal Agency Authority Law” (Ley de la Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico).

The core aim is to prohibit the Executive Director of the Financial Advisory Authority and Fiscal Agency (AFAF, or Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico) from holding any other government position at any time, even if such additional role would be unpaid.

Key provisions and changes

Primary restriction: The Executive Director may not occupy any other government office or position, regardless of whether the position is paid or unpaid.

Scope of restriction: Applies to “in any circumstance” or “en ninguna circunstancia,” indicating a prohibition on simultaneous service in any other governmental capacity.

Reference target: The restriction is applied specifically to the Director Ejecutivo (Executive Director) of AFAF.

Relation to current law: The amendment modifies Article 7(a) of Law No. 2, 2017, as amended, affecting how independence and potential conflicts of interest are managed for the AFAF leadership.

Related provisions: The summary indicates alignment with broader governance and accountability aims, potentially reinforcing the independence of the Agency’s executive leadership.

Who is affected

Primary affected individual: The Executive Director of the Financial Advisory Authority and Fiscal Agency (AFAF).

Indirect/operational impact: The prohibition could influence appointment practices, performance of other public roles by the Executive Director, and contingency planning if the incumbent would have sought another public role.

Procedural and timeline aspects

Introduction and first reading: The bill appeared in First Reading on April 7, 2026.

Referral: Referred to committee(s) on April 7, 2026.

Initial filing/initial docket: The bill was filed/radicated on March 26, 2026.

Next steps (typical): If advanced by committee, it would proceed through additional readings, potential amendments, and consideration by the full Chamber, followed by passage to the other legislative chamber (if bicameral) and eventual enactment by the Governor, subject to standard Puerto Rico legislative timelines.

Potential impact and considerations

Governance and integrity: By ensuring the Executive Director cannot hold another government post, the bill aims to reduce conflicts of interest and reinforce the independence and focus of leadership at AFAF.

Executive accountability: The measure could simplify oversight and reduce potential competing duties that might affect decision-making.

Implementation questions: The bill does not specify transitional rules or grandfathering provisions (if any), so stakeholders may seek clarifications on how existing officeholders are treated if the bill becomes law.

Broader policy context: This aligns with common governance practices that separate executive leadership roles from other public sector positions to maintain separation of duties.

If you’d like, I can tailor this summary to emphasize potential fiscal implications, policy rationale, or compare with similar provisions in Puerto Rico law.