Public-Private Partnerships (PPPs) represent an important tool for the economic development of Puerto Rico. On June 8, 2009, Act 29 was approved in order to implement a new public policy that provides a clear legal framework and fosters the creation of PPPs in Puerto Rico. PPPs allow for the establishment of mutually beneficial contractual agreements between the Government and the private sector to provide public goods or services in a more efficient, effective and accessible way for the general public. To get a better understanding of the PPP Process, visit the Official PPPA Website at www.p3.gov.pr and look for Basic P3 Concepts.
Since August 6, 2009, Puerto Rico residents can purchase the Economic Cooperation with Puerto Rico Savings Bonds at credit unions and cooperative savings banks, commercial banks, and P.R. Treasury Department collections offices throughout the Island. See Press Release in News section above. (List of Participant Institutions Only in Spanish)
Beginning with a minimum purchase of $100.00, an individual may purchase up to a maximum of $5,000 in $50- denominations. Payment for Savings Bonds can be made in cash, money order, cashier’s check or debit card transactions. The savings bonds will be available until the sale of a total of $20 million, as approved by the Legislative Assembly in Act No. 7 of March 9, 2009. The Savings Bonds have been available since May 4, 2009 at the GDB main offices in San Juan.
For more information, read the Savings Bonds brochure (available in Spanish only) and/or contact the GDB at 787-722-2525 x15580.
