Puerto Rico Public-Private Partnerships Authority
Encyclopedia
The Puerto Rico Public-Private Partnerships Authority was enacted by the Puerto Rico Legislative Assembly and signed into law by Governor
Luis Fortuño
in order to regulate the creation of new public-private partnerships (PPPs) in Puerto Rico
.
The Authority is governed by a five-member board of directors
, including three appointed by the Governor, one (attorney Luis Berríos-Amadeo) selected by President of the Senate of Puerto Rico, Thomas Rivera Schatz
, and another, former San Juan mayor Dr. Hernán Padilla
, selected by Speaker
of the Puerto Rico House of Representatives Jennifer González
. The Board is headed by Puerto Rico Government Development Bank
president Carlos M. García
and day-to-day operations are headed by executive director David Alvarez.
Although final decisions are made and PPP contracts signed by the Governor, the current chief executive has signed an Executive Order delegating that role to Secretary of State
Kenneth McClintock
, who has assumed the role of advocate of Puerto Rico's P3 process.
Governor of Puerto Rico
The Governor of Puerto Rico is the Head of Government of the Commonwealth of Puerto Rico. Since 1948, the Governor has been elected by the people of Puerto Rico...
Luis Fortuño
Luis Fortuño
Luis Guillermo Fortuño Burset is the governor of the Commonwealth of Puerto Rico, a territory of the United States of America. Fortuño is also the president of the New Progressive Party of Puerto Rico , a member of the Republican National Committee, and will be president of the Council of State...
in order to regulate the creation of new public-private partnerships (PPPs) in Puerto Rico
Puerto Rico
Puerto Rico , officially the Commonwealth of Puerto Rico , is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.Puerto Rico comprises an...
.
The Authority is governed by a five-member board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
, including three appointed by the Governor, one (attorney Luis Berríos-Amadeo) selected by President of the Senate of Puerto Rico, Thomas Rivera Schatz
Thomas Rivera Schatz
Thomas "Tommy" Rivera Schätz is a Puerto Rican politician currently serving as the fourteenth President of the Senate of Puerto Rico. He is affiliated with the pro-statehood New Progressive Party of Puerto Rico and the United States Republican Party...
, and another, former San Juan mayor Dr. Hernán Padilla
Hernán Padilla
Hernán Padilla in Mayagüez, Puerto Rico, is a retired physician and former two-term Mayor of San Juan, Puerto Rico, the oldest city in the United States....
, selected by Speaker
Speaker (politics)
The term speaker is a title often given to the presiding officer of a deliberative assembly, especially a legislative body. The speaker's official role is to moderate debate, make rulings on procedure, announce the results of votes, and the like. The speaker decides who may speak and has the...
of the Puerto Rico House of Representatives Jennifer González
Jennifer González
Jenniffer A. González Colón is a Puerto Rican politician who serves as the Speaker of the House of Representatives of Puerto Rico, a commonwealth with the United States. She is affiliated with the pro-statehood New Progressive Party of Puerto Rico and the United States Republican Party...
. The Board is headed by Puerto Rico Government Development Bank
Puerto Rico Government Development Bank
The Government Development Bank of Puerto Rico was the brainchild of Governor Rexford Guy Tugwell, who signed Law 252 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico...
president Carlos M. García
Carlos M. García
Carlos M. García, born on June 25, 1971, is a Puerto Rican banker who served as president of the Puerto Rico Government Development Bank from 2009 to 2011 during the administration of Governor Luis Fortuño....
and day-to-day operations are headed by executive director David Alvarez.
Although final decisions are made and PPP contracts signed by the Governor, the current chief executive has signed an Executive Order delegating that role to Secretary of State
Secretary of State of Puerto Rico
The Constitution of the Commonwealth of Puerto Rico provides for the position of Secretary of State of Puerto Rico who is first in line to exercise the role of acting Governor when the Governor is temporarily unavailable, whether because of being away from Puerto Rico or due to another temporary...
Kenneth McClintock
Kenneth McClintock
Kenneth D. McClintock-Hernández is the current Secretary of State of Puerto Rico. Mr. McClintock served as co-chair of Hillary Clinton presidential campaign's National Hispanic Leadership Council in 2008, co-chaired Clinton's successful Puerto Rico primary campaign that year and served as the...
, who has assumed the role of advocate of Puerto Rico's P3 process.