 Pedro Rosselló's administration, and under Marcos Rodríguez Ema's presidency, the GDB established, financed and gave to the people of Puerto Rico the new Puerto Rico Museum of Art, which, within years, has become the island's second-best art museum, after the Ponce Museum of Art founded by Luis A. Ferré, a philanthropist and former Governor.The GDB is in the process of winding down its operations in an orderly fashion under Title VI of the Puerto Rico Oversight, Management, and Economic Stability Act, Publ.Law 114-187 of June 30, 2016 (PROMESA).