Source: Wikipedia, the free encyclopedia.
The government-owned corporations of Puerto Rico —or public corporations (Spanish : corporaciones públicas )— are a set of corporate entities owned entirely or in large part by the executive branch of the government of Puerto Rico or by its municipalities . The corporations engage in commercial activities with their revenues ultimately being allocated towards the government's treasury —the Puerto Rico Consolidated Fund — or towards the corresponding municipal treasury. Some of them have been criticized since their creation since they are not profitable and depend on the issue of bonds or large indebtedness to operate,[ 1] or because they constitute a government monopoly or control a unique asset (such as a port, toll, or land).
As of 2015, the public corporations contributed to more than half of the public debt of Puerto Rico [citation needed ] —a factor that contributed significantly to the Puerto Rican government-debt crisis [original research? ] — with COFINA , PRASA , PRHTA , and PREPA being the largest holders.
Owned by the executive branch
As of November 2012, the executive branch of the government of Puerto Rico owned 52 government-owned corporations with an outstanding debt of $48.7B USD .[ 1] [ 2] [ 3] [ 4] [ 5]
Name in English
Abbreviation in English
Name in Spanish
Abbreviation in Spanish
Industry
Automobile Accident Compensation Administration
PRAACA
Administración de Compensaciones por Accidentes de Automóviles
ACAA
Insurance
Agricultural Insurance Corporation
PRAIC
Corporación de Seguros Agrícolas
CSA
Agriculture
Aqueducts and Sewers Authority
PRASA
Autoridad de Acueductos y Alcantarillados
AAA
Public utility
Authority for the Financing of Industrial, Touristic, Educative, Medical, and Environmental Control Facilities
AFITEMECF
Autoridad para el Financiamiento de Facilidades Industriales, Turísticas, Educativas, Médicas y de Control Ambiental
AFICA
Banking
Authority for the Financing of Housing
PRAFH
Autoridad para el Financiamiento de la Vivienda
AFV
Banking
Authority for the Financing of the Infrastructure of Puerto Rico
AFI
Autoridad para el Financiamiento de la Infraestructura de Puerto Rico
AFI
Banking
Caño Martín Peña ENLACE Project Corporation
ENLACE
Corporación del Proyecto ENLACE del Caño Martín Peña
ENLACE
Real estate
Cardiovascular Center of Puerto Rico and the Caribbean Corporation
CCPRCC
Corporación del Centro Cardiovascular de Puerto Rico y el Caribe
CCCPRC
Healthcare
Commission on Traffic Safety
PRCTS
Comisión para la Seguridad en el Tránsito
CST
Insurance
Comprehensive Cancer Center
PRCCC
Centro Comprensivo de Cáncer
CCCPR
Healthcare
Conservatory of Music Corporation
PRCMC
Corporación del Conservatorio de Música
CCM
Education
Convention Center District Authority
PRCCDA
Autoridad del Distrito del Centro de Convenciones
ADCCPR
Travel and leisure
Corporation for the Development of Arts, Sciences, and Cinematographic Industry
PRFILM
Corporación para el Desarrollo de las Artes, Ciencias e Industria Cinematográfica
PRFILM
Entertainment
Corporation of Industries for the Blind, Mentally Retarded People, and Other Handicapped People
CIRIO
Corporación de Industrias de Ciegos, Personas Mentalmente Retardadas y Otras Personas Incapacitadas
CIRIO
Industrial development
Credit Unions Supervision and Insurance Corporation
PRCUSIC
Corporación para la Supervisión y Seguros de Cooperativas de Puerto Rico
COSSEC
Insurance
Economic Development Bank
EDB
Banco de Desarrollo Económico
BDE
Banking
Electric Power Authority
PREPA
Autoridad de Energía Electrica
AEE
Public utility
Government Development Bank
GDB
Banco Gubernamental de Fomento
BGF
Banking
Health Insurance Administration
PRHIA
Administración de Seguros de Salud
ASES
Healthcare
Highways and Transportation Authority
PRHTA
Autoridad de Carreteras y Transportación
ACT
Transportation
Industrial Development Company
PRIDCO
Compañía de Fomento Industrial
FOMENTO
Industrial development
Integral Development for the Cantera Peninsula Company
PRIDCPC
Compañía para el Desarrollo Integral de la Península de Cantera
CDIPC
Industrial development
Institute of Puerto Rican Culture
IPRC
Instituto de Cultura Puertorriqueña
ICP
Entertainment
Lands Administration
PRLA
Administración de Terrenos
AT
Real estate
Lands Authority
PRLA
Autoridad de Tierras
ATPR
Agriculture
Maritime Transport Authority
PRMTA
Autoridad de Transporte Marítimo
ATM
Transportation
Medical Services Administration
PRMSA
Administración de Servicios Médicos de Puerto Rico
ASEM
Healthcare
Metropolitan Bus Authority
MBA
Autoridad Metropolitana de Autobuses
AMA
Transportation
Municipal Financing Agency
MFA
Agencia de Financiamiento Municipal
AFM
Banking
Municipal Financing Corporation
MFC
Corporación de Financiamiento Municipal
COFIM
Banking
Musical Arts Corporation
PRMAC
Corporación para las Artes Musicales
CAM
Entertainment
Musical Scenic Arts Corporation
PRMSAC
Corporación de las Artes Escénico-Musicales
CASM
Entertainment
National Guard Institutional Trust
PRNGIT
Fideicomiso Institucional de la Guardia Nacional de Puerto Rico
FIGNA
Banking
National Parks Company
PRNPC
Compañía de Parques Nacionales
CPNPR
Real estate
Performing Arts Center Corporation
PRPACC
Corporación del Centro de Bellas Artes
CBA
Entertainment
Ports Authority
PRPA
Autoridad de los Puertos
APPR
Transportation
Public Broadcasting Corporation
PRPBC
Corporación para la Difusión Pública
WIPR
Entertainment
Public Buildings Authority
PBA
Autoridad de Edificios Públicos
AEP
Real estate
Sales Tax Financing Corporation
COFINA
Corporación del Fondo de Interés Apremiante
COFINA
Banking
School of Visual Arts and Design of Puerto Rico
SVAD
Escuela de Artes Plásticas y Diseño de Puerto Rico
EAPD
Education
Solid Waste Authority
SWA
Autoridad de Desperdicios Sólidos
ADS
Public utility
State Insurance Fund Corporation
PRSIFC
Corporación del Fondo del Seguro del Estado
CFSE
Insurance
Symphony Orchestra Corporation
PRSO
Corporación de la Orquesta Sinfónica
COSPR
Entertainment
Trade and Export Company
PRTEC
Compañía de Comercio y Exportación
CCE
Industrial development
Tourism Company
Tourism
Compañía de Turismo
Turismo
Travel and leisure
Training and Work Enterprises Corporation
PRTWEC
Corporación de Empresas de Adiestramiento y Trabajo
CEAT
Education
University of Puerto Rico
UPR
Universidad de Puerto Rico
UPR
Education
Owned by municipalities
References
^ a b Méndez, Jesús; Chevres, Jaysel (2011), Comprehensive Annual Financial Report Year Ended June 30, 2011 (PDF) , Department of Treasury of Puerto Rico , pp. 71–83, retrieved 25 November 2012
^ "Directorio de Agencias" (in Spanish). Government of Puerto Rico . Retrieved December 28, 2012 .
^ "Estructura Funcional del Gobierno de Puerto Rico" (PDF) (in Spanish). Puerto Rico Office of Management and Budget . Retrieved December 28, 2012 .
^ Marxuach, Sergio (February 11, 2013). "Repensando la AEE" (in Spanish). Center for the New Economy . Retrieved February 13, 2013 . Realidad de Hoy: 51 corporaciones públicas, $42,000 millones en deuda[…]
^ (in Spanish). Government of Puerto Rico http://www.gdb-pur.com/economy/documents/AE2013_T29.pdf . Retrieved February 25, 2015 .
^ "Sin cabeza el Puerto de Las Américas" . La Perla del Sur (in Spanish). December 6, 2012. Paragraph 10. Retrieved December 30, 2012 . Actualmente, la APA es titular de la mayoría de los activos del Puerto de Las Américas[ ... ]
^ Esperan al nuevo gobernador con reclamos para la región sur. Jason Rodríguez Grafal. Ponce, Puerto Rico: La Perla del Sur. (Year 36. Issue 1861. 31 July to 6 August 2019. Page 4.) 31 July 2019. Accessed 31 July 2019.
See also
Sovereign states Dependencies and other territories