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词条 COFINA
释义

  1. Background

  2. References

{{Infobox central bank
| name = Puerto Rico Urgent Interest Fund Corporation
| logo = Logo-cofina.jpg
| type = public corporation
| established = {{Start date and years ago|2006|12|26}}
| headquarters = Guaynabo, Puerto Rico
| executive = José R. Otero-Freiría
| executive_title = Executive Director
| parent = Government Development Bank
| currency = USD
| security1 = Sales Tax Revenue Bonds
| outstanding = $13.4 billion USD
| key_document1 = Law No. 91 of 2006
| key_document2 = Law No. 291 of 2006

}}{{Sidebar Economy of Puerto Rico}}

{{Sidebar executive branch of the government of Puerto Rico}}

The Puerto Rico Urgent Interest Fund Corporation (also known as the Puerto Rico Sales Tax Financing Corporation) —Spanish: Corporación del Fondo de Interés Apremiante (COFINA)— is a government-owned corporation of Puerto Rico that issues government bonds and uses other financing mechanisms to pay and refinance the public debt of Puerto Rico. The Corporation is a subsidiary of the Government Development Bank and was created by Law No. 291 of 2006. Bonds issued by COFINA are called Puerto Rico Sales Tax Revenue Bonds.[1][2][3]

Background

The Corporation receives half of the state government portion of the Puerto Rico Sales and Use Tax (SUT) (2.75%, or half of the out of the state government’s portion of 6%) and is authorized to use such portion pay or finance, in whole or in part, or fund:

  1. certain debt obligations of the government of Puerto Rico payable solely from government budgetary appropriations and outstanding as of June 30, 2006;
  2. the debt of the Department of Treasury with the Government Development Bank; and
  3. others

As of May 2011, COFINA had issued over $14.4 billion in bonds pursuant to its Enabling Act, as amended, of which $13.4 billion were outstanding.[3] As an independent corporation, COFINA has the same powers, rights and faculties as the Puerto Rico Government Development Bank under its Constitutional Charter.[3]

References

1. ^{{cite web|url=http://www.oslpr.org/download/en/2006/A-0091-2006.pdf|title=Law No. 91 of 2006|publisher=}}
2. ^{{cite web|url=http://www.oslpr.org/download/en/2006/A-0091-2006.pdf|title=Law No. 291 of 2006|publisher=}}
3. ^{{cite web|url=http://www.gdb-pur.com/affiliates/sales-tax-financing-corporation.html|title=Government Development Bank for Puerto Rico|publisher=}}
{{Government finances in Puerto Rico}}{{Government-owned corporations of Puerto Rico}}

3 : Government-owned corporations of Puerto Rico|Public debt of Puerto Rico|Taxation in Puerto Rico

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