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LEGAL AUTHORITY
Act 29-2009,
known as the Public-Private Partnership Act, created the Public-Private Partnership Authority as a Commonwealth of Puerto Rico public corporation and ascribed it to the Government Development Bank.
MISSION
To facilitate economic development and to enrich the quality of life in Puerto Rico by establishing partnerships alliances between the government and private entities with the objective of promoting the improvement and innovation of infrastructure and services in Puerto Rico.
ORGANIZATIONAL STRUCTURE
- Administrative Officials
- Assistant to the Executive Director
- Executive Director
- Financial Analysts
- General Legal Counsel
- Legal Counsel
- Project Engineer
PROGRAM
Public-Private Partnership Project Management
Program Description
Evaluates the feasibility and convenience of establishing public-private partnership projects and holds competitive bidding processes to grant partnerships contracts in accordance with Act 29-2009.
Customers
Businesses, industries, public, private and secular schools, hospitals, government agencies, municipalities, universities and the general community, among others.
FISCAL YEAR 2012-2013 PROPOSED BUDGET
The proposed consolidated budget for Fiscal Year 2012-2013 amounts to $5,424,000 from Loans and Bond Issuance.
Operational expenses will be used for payroll and related expenses and for specialized services related to the Authority's contracts. These long term contracts are established with Governmental and Non-Governmental entities in order to delegate functions, services and responsibilities as well as the design, development, financing, maintenance or operation of one or more facilities.
The proposed budget will allow the Authority to continue collaboration with the private and public sector to promote a sustainable economic development for Puerto Rico and establish Puerto Rico as a global goods and services competitor.
SUMMARY OF AVAILABLE RESOURCES
| Consolidated Budget (thousands $) |
2010 |
2011 |
2012 |
2013 |
|
| Program |
|
| Operational Expenses |
Actual |
Actual |
Budget |
Proposed |
| Public-Private Partnership project management |
20,500 |
13,759 |
5,424 |
5,424 |
| Subtotal, Operational Expenses |
20,500 |
13,759 |
5,424 |
5,424 |
| Total, Program |
20,500 |
13,759 |
5,424 |
5,424 |
| |
| Funding Sources |
|
| Operational Expenses |
|
| Loans & Bond Issuance |
0 |
13,759 |
5,424 |
5,424 |
| Other Income |
20,500 |
0 |
0 |
0 |
| Subtotal, Operational Expenses |
20,500 |
13,759 |
5,424 |
5,424 |
| Total, Funding Sources |
20,500 |
13,759 |
5,424 |
5,424 |
| |
| Expense Category |
|
| Operational Expenses |
|
| Payroll and Related Expenses |
0 |
677 |
679 |
679 |
| Rent and Utilities |
0 |
40 |
0 |
0 |
| Transportation Expenses |
0 |
7 |
0 |
0 |
| Professional Services |
0 |
12,486 |
0 |
0 |
| Other Expenses |
0 |
547 |
4,745 |
4,745 |
| Non Distributed Allocations |
20,500 |
0 |
0 |
0 |
| Office Supplies and other Materials |
0 |
2 |
0 |
0 |
| Subtotal, Operational Expenses |
20,500 |
13,759 |
5,424 |
5,424 |
| Total, Expense Category |
20,500 |
13,759 |
5,424 |
5,424 |
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