词条 | COFINA |
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| 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] BackgroundThe 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:
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] References1. ^{{cite web|url=http://www.oslpr.org/download/en/2006/A-0091-2006.pdf|title=Law No. 91 of 2006|publisher=}} {{Government finances in Puerto Rico}}{{Government-owned corporations of Puerto Rico}}2. ^{{cite web|url=http://www.oslpr.org/download/en/2006/A-0091-2006.pdf|title=Law No. 291 of 2006|publisher=}} 3. ^1 2 {{cite web|url=http://www.gdb-pur.com/affiliates/sales-tax-financing-corporation.html|title=Government Development Bank for Puerto Rico|publisher=}} 3 : Government-owned corporations of Puerto Rico|Public debt of Puerto Rico|Taxation in Puerto Rico |
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