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PC 462

Para enmendar los Artículos 2 y 3 de la Ley 44 de 21 de junio de 1988, según enmendada, conocida como “Ley de la Autoridad para el Financiamiento de la Infraestructura de Puerto Rico”, a los fines de ampliar su acceso a fondos, otorgarle mayor autonomía administrativa y agilizar la ejecución de proyectos de infraestructura crítica; excluir a la Autoridad para el Financiamiento de la Infraestructura de las disposiciones de la Ley 73-2019, según enmendada, conocida como Ley de la Administración de Servicios Generales para la Centralización de las Compras del Gobierno de Puerto Rico de 2019, permitiéndole gestionar sus propios procesos sin interferencias burocráticas; y para otros fines relacionados.

2025-2028 Session

Exempts AFI from centralized procurement, granting autonomy to speed Puerto Rico infrastructure projects.

Referido a Comisión(es)
0
WeVote Research Nonpartisan
Bill Summary · PC 462

Summary: Bill PC 462

Overview

Bill PC 462 proposes amendments to Articles 2 and 3 of Law 44-1988, the Puerto Rico Infrastructure Financing Authority Act (Ley de la Autoridad para el Financiamiento de la Infraestructura de Puerto Rico). The core aims are to:
- Expand the Authority for Infrastructure Financing of Puerto Rico’s access to funds
- Increase the Authority’s administrative autonomy
- Accelerate the execution of critical infrastructure projects
- Exclude the Authority from the provisions of Law 73-2019 (Centralized Government Purchasing), allowing it to manage its own procurement without bureaucratic interference
The bill was introduced on March 28, 2025 and is currently referred to committee(s).

Purpose and Intent

  • Enhance the capacity of the Puerto Rico Infrastructure Financing Authority to finance and implement infrastructure projects more efficiently.
  • Provide the Authority with greater control over funds and internal administration to reduce procedural delays.
  • Preserve or improve project execution timelines for critical infrastructure needs by limiting external procurement centralization requirements that currently apply under Law 73-2019.

Key Provisions (as described)

Note: The exact language of the amendments is not provided in the summary, but the bill intends to:
- Amend Articles 2 and 3 of Law 44-1988.
- Expand access to funds for the Authority, potentially including broader financing options or flexibilities.
- Grant greater administrative autonomy to the Authority, including internal governance and decision-making authority.
- Accelerate or streamline the process for planning, approving, and delivering infrastructure projects.
- Exclude the Authority from the centralized procurement framework established by Law 73-2019, enabling the Authority to manage its own procurement processes without interference from the General Services Administration or other centralized purchasing mechanisms.

Affected Parties and Impacts

  • Primary: Autoridad para el Financiamiento de la Infraestructura de Puerto Rico (AFI) and its governance/operational staff.
  • Secondary: Contractors, vendors, and financial counterparties engaged in AFI-funded projects; other government agencies coordinating with AFI on infrastructure initiatives.
  • Potential benefits: Faster project delivery, improved responsiveness to funding needs, and streamlined procurement for AFI-led initiatives.
  • Potential considerations: Increased autonomy may necessitate enhanced internal controls, reporting, and compliance measures to maintain transparency, accountability, and alignment with public procurement and financial regulations.

Procedural and Timeline Aspects

  • Introduced: March 28, 2025
  • First Reading: March 31, 2025
  • Referenced to Committee(s): March 31, 2025
  • Status: Referred to committee(s) for consideration and possible hearings; no further action details provided yet.

Legislative Context and Next Steps

  • If committees report favorably, the bill would proceed through additional readings, potential amendments, and a floor vote in the chamber.
  • Depending on interactions with fiscal constraints and procurement rules, AFI’s enhanced powers would likely require accompanying oversight, reporting requirements, or legislative protections to balance autonomy with accountability.

If you’d like, I can tailor this summary to a specific audience (e.g., policymakers, industry stakeholders, or the general public) or add a section comparing PC 462 to current Law 44-1988 and Law 73-2019 provisions.

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

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