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https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5012/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5012 - Development plan | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5012 - Development plan | The Company shall produce an integral development plan for the Cantera Peninsula pursuant to the process provided by regulations. This development plan shall reflect, as much as possible, the objectives which the community of the Cantera Peninsula envisions for its future development. In the preparation and adoption of... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5013/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5013 - Exemptions | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5013 - Exemptions | The Company or any of its subsidiaries, shall be exempt from any type of taxes, fees, duties, excise taxes or charges, including those for licenses, imposed or to be imposed by the Commonwealth of Puerto Rico or any of its political subdivisions, including all its operations, its real properties or chattels, its capita... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5014/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5014 - Funds; disbursements | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5014 - Funds; disbursements | All Company monies shall be entrusted to recognized depositaries for the funds of the Government of the Commonwealth of Puerto Rico. All accounts shall be opened in the name of the Company. All disbursements shall be made according to the rules and regulations of the Company.
History —July 10, 1992, No. 20, § 15. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5015/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5015 - Accounting system | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5015 - Accounting system | The Company shall establish the accounting system required for the proper control and recording of all its operations. The Company accounts shall be handled so that they may be segregated according to the activity involved.
History —July 10, 1992, No. 20, § 16. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5016/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5016 - Debts and obligations | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5016 - Debts and obligations | The debts and obligations of the Company shall not be debts or obligations of the Commonwealth of Puerto Rico nor of its political subdivisions, except that the Commonwealth Government may assume, back bond, guarantee, or otherwise assume responsibility or answer for any debts of the Company that arise from the concess... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5017/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5017 - Bonds | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5017 - Bonds | In addition to the powers granted to the Company in § 5007 of this title:
(a) The Company is hereby authorized to issue bonds from time to time for those principal amounts that, in the opinion of the Company, are necessary to provide sufficient funds for the total or partial payment of the cost of any project or projec... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5018/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5018 - Trust contract | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5018 - Trust contract | At the discretion of the Company, any bonds issued under the provisions of this chapter may be secured by a trust contract entered into by and between the Company and a corporate trustee, that may be a trust company or a bank with the authority of a trust company within or outside of the Commonwealth of Puerto Rico.
It... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5019/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5019 - Agreements | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5019 - Agreements | The Commonwealth of Puerto Rico hereby makes a promise to and enters into an agreement with the holders of any bonds issued under this chapter and with the persons or entities that contract with the company pursuant to the provisions of this chapter, that it shall not limit nor alter the rights hereby conferred to the ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5020/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5020 - Company revenues | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5020 - Company revenues | The fees, rents, charges and any other income derived by the Company from the project related to any issue of bonds, except that portion which may be necessary to pay the Company’s costs incurred in said project and to provide those reserves, if any, that may be provided in the trust contract securing said bonds, shall... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5021/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5021 - Commonwealth and its subdivisions, not li... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5021 - Commonwealth and its subdivisions, not liable | The bonds issued by the Company shall not constitute a debt of the Commonwealth of Puerto Rico nor shall any of its political subdivisions be liable therefor and said bonds shall be payable solely from those funds which have been committed for their payment, unless the Commonwealth or any of its agencies otherwise part... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5022/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5022 - Injunction | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5022 - Injunction | No injunction whatsoever shall be issued to prevent the application of this chapter or any of its parts.
History —July 10, 1992, No. 20, § 23. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5023/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5023 - Transfer of property | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5023 - Transfer of property | The Commonwealth of Puerto Rico, its agencies and political subdivisions, including the municipalities, are hereby authorized to convey and transfer to the Company at its request and under reasonable terms and conditions, without the need for holding a public auction or other legal formalities in addition to the granti... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5024/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5024 - Transfer of personnel | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5024 - Transfer of personnel | The Company herein created shall have the condition of excluded for purposes of former §§ 1301—1431 of Title 3, known as the “Public Service Personnel Act of Puerto Rico”, of 14 of october of 1975.
Any Commonwealth officials or employees who were appointed to hold a position in the Company for the Development of the Ca... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-121/5025/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025)›§ 5025 - Reports | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 121 - Integral Development of Cantera Peninsula (§§ 5001 — 5025) › § 5025 - Reports | The Board of Directors shall render to the Governor, the Legislature and the Mayor of San Juan, no later than July 31 of each year, an annual report relating the activities carried out by the Company during the previous fiscal year, its financial status and the work plan for the subsequent three (3) fiscal years.
Histo... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5031/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5031 - Definitions | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5031 - Definitions | The following words and terms, when used or referred to in this chapter, shall have the meaning stated below, unless another meaning clearly arises from the context:
(a) Public agency.— Is any department, board, commission, division, office, bureau, administration, public corporation or subsidiary thereof, municipality... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5032/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5032 - Public polic... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5032 - Public policy | It shall be the public policy of the Commonwealth of Puerto Rico to give priority attention to the environmental restoration of the Martín Peña Canal and to rehabilitate and revitalize the communities along its north and south banks in order to promote a healthy relationship between the natural environment and its surr... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5033/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5033 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5033 - Martín Peña Canal ENLACE Project Corporation—Creation | The Martín Peña Canal ENLACE Project Corporation, hereinafter, “the Corporation”, is hereby created as an entity and political subdivision of the Commonwealth of Puerto Rico, with juridical personality independent and separate from its officials and any other public agency or government instrumentality, and the Municip... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5034/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5034 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5034 - Martín Peña Canal ENLACE Project Corporation—Board of Direct... | (1) The Board of Directors of the Corporation shall be composed of at least eleven (11) persons of proven capability and leadership, six (6) of which shall be appointed by the Governor and five (5) by the Mayor of the City of San Juan. Two (2) of the members appointed by the Governor and one (1) of the members appointe... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5035/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5035 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5035 - Martín Peña Canal ENLACE Project Corporation—Powers | The Corporation shall have all the rights, powers, and prerogatives provided by this chapter or by the laws or programs whose administration or implementation is delegated to it in order to adequately comply with the public policy established herein, among which shall be:
(a) To adopt its corporate seal.
(b) To sue and... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5036/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5036 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5036 - Martín Peña Canal ENLACE Project Corporation—Exemptions | The Corporation or any of its subsidiaries, shall be exempted from all types of taxes, duties, imposts, excise taxes or fees, including those levied or to be levied on permits, by the Commonwealth of Puerto Rico or any political subdivision thereof, including all its operations, personal or real property, and its capit... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5037/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5037 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5037 - Martín Peña Canal ENLACE Project Corporation—Funds; disburse... | All the monies of the Corporation shall be entrusted to recognized depositaries of the funds of the Government of the Commonwealth of Puerto Rico. The accounts shall be registered in the name of the Corporation. Disbursements shall be made according to the norms and regulations of the Corporation.
History —Sept. 24, 20... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5038/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5038 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5038 - Martín Peña Canal ENLACE Project Corporation—Accounting syst... | The Corporation shall establish an accounting system that includes internal and external audits for the adequate control and register of all its operations. The Corporation’s accounts shall be kept in such a manner that they may be itemized by activity.
History —Sept. 24, 2004, No. 489, § 9. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5039/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5039 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5039 - Martín Peña Canal ENLACE Project Corporation—Debts and oblig... | The debts and obligations of the Corporation shall not be debts and obligations of the Commonwealth of Puerto Rico or its political subdivisions, except that the Commonwealth Government may assume, endorse, reinforce, guarantee or otherwise assume responsibility or answer for debts of the Corporation arising from lines... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5040/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5040 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5040 - Martín Peña Canal ENLACE Project Corporation—Immunity; limit... | Neither the Corporation nor its members as individuals shall incur financial liability for any action taken in the discharge of their powers, provided that their actions have not been intentional, illegal, for self-benefit or knowingly damaging.
History —Sept. 24, 2004, No. 489, § 11. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5041/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5041 - Support from... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5041 - Support from public agencies of the Commonwealth | The public agencies of the Commonwealth of Puerto Rico are hereby directed to offer support and cooperation to the Corporation, including the special assignment of personnel, the granting of unpaid leave to serve the Corporation for the amount of time necessary, and the transfer of resources and property deemed pertine... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5042/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5042 - Support from... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5042 - Support from the Municipality of San Juan | The Municipality of San Juan shall provide support and cooperation to the Corporation, including the special assignment of personnel, the granting of unpaid leave to serve the Corporation for the amount of time necessary, and the transfer of equipment, funds, and property, except for those that are subject to liens, in... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5043/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5043 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5043 - Martín Peña Canal land use plan and special planning distric... | The Highway and Transportation Authority shall devise a Special Land Use Plan and an Integrated Development Plan for the Special Planning District of the Martín Peña Canal, hereinafter, the District’s Plan, as designated by the Planning Board’s Resolution of May 3, 2002, taking into consideration the conservation easem... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5043a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5043a - Rehabilitat... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5043a - Rehabilitation and construction works; exemption | The rehabilitation and construction works carried out by the Corporation or through third parties that do not exceed five hundred thousand dollars ($500,000.00) shall be exempt from compliance with the provisions of §§ 61-64 of Title 22, known as the “Standard Contract Documents for the Scheduling, Management, Design, ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5044/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5044 - Company for ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5044 - Company for the Development of the Cantera Peninsula | The Corporation and the Company for the Development of the Cantera Peninsula shall coordinate the works, in order to advance the common goal of achieving the dredging and canalization of the Martín Peña Canal.
History —Sept. 24, 2004, No. 489, § 15. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5045/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5045 - Transfer of ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5045 - Transfer of lands | Transfers of lands to public agencies and the Municipality of San Juan carried out by virtue of Act No. 32-2009 and Act No. 70-2011 are hereby rendered ineffective. Their ownership is recognized as having been legally vested upon the Corporation and that such entity later transferred the same to the Land Trust. The emi... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5046/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5046 - Maritime-Ter... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5046 - Maritime-Terrestrial Zone | The Secretary of the Department of Natural and Environmental Resources, pursuant to Sections 5(h) and 6(c) of the Organic Act of the Department of Natural and Environmental Resources (§§ 151 et seq. of Title 3), shall carry out within ninety (90) days after the approval of this act, an official delimitation of all publ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5047/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5047 - Ownership ri... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5047 - Ownership rights | The Department of Housing, with the advice of the Department of Natural and Environmental Resources, shall conduct the corresponding legal procedures to evaluate, recognize and, wherever necessary and convenient, to provide for the registration of the ownership rights of the residents of the communities of the District... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5047a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5047a - Titles gran... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5047a - Titles granted under Act No. 32-2009, as amended | Titles validly granted under Act No. 32-2009, as amended by Act No. 70-2001, shall be upheld. However, the validity of the ownership titles granted under the aforementioned Acts with respect to lands that constitute public domain, do not exist, or belong to third parties or private entities, shall not be recognized. Ne... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5047b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5047b - Exchange of... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5047b - Exchange of titles for surface rights | Persons who validly obtained an ownership title for lands located at the District may elect to exchange the same with the Land Trust for the recognition of surface rights, which shall be attested in a public deed to be recorded in the Property Registry within a term not to exceed twenty-four (24) months after the appro... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5048/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5048 - Martín Peña ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5048 - Martín Peña Canal Land Trust | The Martín Peña Canal Land Trust, hereinafter, the “Land Trust’” is hereby created as a private entity in perpetuity, which shall consist of all the lands transferred to the Corporation in accordance with this chapter, especially pursuant to §§ 5045 and 5046 of this title, whose ownership title is herein recognized, an... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5049/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5049 - Relocation a... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5049 - Relocation alternatives | In the process of obtaining the easements to carry out the works related to the ENLACE Project, the Corporation and/or public agency in charge of the process shall make sure it maintains the highest community cohesion, also providing for, as may be possible, the offering of relocation alternatives within the District a... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5050/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5050 - Compensation... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5050 - Compensation on account of acquisition, moving, and relocati... | In determining the benefits related to relocation and moving, the Corporation or the public agency carrying out the process of property acquisition shall provide equal treatment, so that all families, businesses, and nonprofit organizations that find themselves in the same situation receive similar benefits, notwithsta... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5051/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5051 - The Martín P... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5051 - The Martín Peña Canal Special Planning District Resident, Bu... | The Corporation shall update the registry of residents and businesses that occupy buildings in the District, carried out by the Authority as part of the Census conducted in 2002, and also include nonprofit organizations that occupy buildings. The intention of updating this register shall be published in newspapers of g... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5052/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5052 - Community de... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5052 - Community development | The functions of the Corporation shall be directed to promoting the social and economic development of the District, so that community and physical development advance concurrently and in accordance with the following goals:
(1) To systematically direct and use the economic activity to generate internal capacity and de... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5053/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5053 - The Martín P... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5053 - The Martín Peña Canal Community Business and Bidder Registry | The Corporation shall prepare the Martín Peña Canal Community Business and Bidder Registry, which shall include all the Martín Peña Canal community businesses and bidders operating under the provisions of the applicable laws and regulations. The Corporation shall periodically update such Registry.
History —Sept. 24, 20... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5054/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5054 - Office of th... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5054 - Office of the Martín Peña Canal ENLACE Project | It is hereby directed to create the Office of the Martín Peña Canal ENLACE Project in the Department of Transportation and Public Works and the Highway and Transportation Authority as the entity responsible for the coordination and implementation of all the stages of the ENLACE Project. The Office of the ENLACE Project... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5055/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5055 - Fund for the... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5055 - Fund for the Development of the Martín Peña Canal ENLACE Pro... | A capital fund is hereby created for investments in and the development of the District, with no restrictions on the nature of the projects established by Act No. 3 of October 8, 1987. The fund shall receive appropriations from the Government of the Commonwealth, other public funds, including, among others, capital imp... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5056/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5056 - Tax incentiv... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5056 - Tax incentives | The following tax benefits shall be granted to the entities that contribute to the Corporation and the Fund for the Development of the Martín Peña Canal ENLACE Project:
(a) All donations made to the Corporation shall be treated as donations made to educational entities, pursuant to §§ 8006 et seq. of Title 13, for purp... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5057/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5057 - Bonds | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5057 - Bonds | In addition to the powers granted to the Corporation by this chapter:
(a) The Corporation is hereby authorized to issue bonds from time to time in the amount of principal that, in the judgment of the Corporation, is necessary to provide sufficient financial resources for the total or partial payment of the cost of any ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5058/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5058 - Trust contra... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5058 - Trust contract | At the Corporation’s discretion, any bonds issued under the provisions of this chapter may be guaranteed by a trust contract by and between the Corporation and a corporate trustee, which may be a Trust Corporation (trust company) or a banking institution with the faculties of a Trust Corporation (trust company) within ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5059/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5059 - Agreement of... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5059 - Agreement of the Commonwealth of Puerto Rico with the bondho... | The Commonwealth of Puerto Rico hereby agrees with the holders of any bonds issued under this chapter and with the persons or entities that establish contracts with the Corporation in accordance with the provisions of this chapter, that it shall not limit or alter the rights herein conferred onto the Corporation until ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5060/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5060 - Income of th... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5060 - Income of the Corporation | The fees, rent, charges and all other income earned by the Corporation from the project related to the bonds of any issue, except for the part that may be necessary for paying the costs of the Corporation incurred in said project and to provide reserves, if any, that may be provided in the trust contract that guarantee... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5061/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5061 - Commonwealth... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5061 - Commonwealth of Puerto Rico and its subdivisions not liable | Bonds issued by the Corporation shall not constitute a debt of the Commonwealth of Puerto Rico or any of its political subdivisions, nor shall the Commonwealth of Puerto Rico or any of its political subdivisions be liable therefor, and such bonds shall only be payable from funds that have been encumbered for their paym... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5062/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5062 - Transfer of ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5062 - Transfer of property from the Government to the Corporation | The Commonwealth of Puerto Rico, its public agencies, public corporations and political subdivisions, including the municipalities, are hereby authorized to assign and transfer to the Corporation, at its request and under reasonable terms and conditions, without the need for calling a public bid or other formalities of... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5063/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5063 - Transfer of ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5063 - Transfer of personnel | The Corporation herein created shall have the condition of excluded for purposes of Act No. 5 of October 14, 1975, as amended, the “Puerto Rico Public Service Personnel Act”.
Any Commonwealth officers or employees who are appointed to fill a position in the Corporation shall retain the status and rights they had at the... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5064/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5064 - Transition c... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5064 - Transition committee | The Secretary of the Department of Transportation and Public Works and the Board of the Corporation shall appoint a Transition Committee responsible for adopting the necessary measures for the transfer to the Corporation of the functions of the Department of Transportation and Public Works and the Highway and Transport... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5065/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5065 - Injunction | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5065 - Injunction | No injunction shall be issued to hinder the application of this chapter or any part thereof.
History —Sept. 24, 2004, No. 489, § 37. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-122/5066/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066)›§ 5066 - Reports | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 122 - Martín Peña Canal Special Planning District Integrated Development Act (§§ 5031 — 5066) › § 5066 - Reports | The Corporation, through the Board of Directors, shall render an annual report on March 31 to the Governor, both Houses of the Legislature and the Mayor of San Juan with an account of the activities carried out by the Corporation during the previous fiscal year, its financial situation and the work plan for the three s... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5201/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5201 - Funds | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5201 - Funds | For the purposes of this chapter, the following terms and phrases shall have the meaning stated below:
(a) Castañer. — The sector including the town of Castañer, the Río Prieto, Mirasol and Bartolo wards of the municipality of Lares, the Guayabo Dulce, Guayo and Limaní wards of the municipality of Adjuntas, the Río Pri... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5202/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5202 - Establishment of a Special Planning Zon... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5202 - Establishment of a Special Planning Zone | (a) The Board shall establish one or several Special Planning Zones that shall encompass the entire territory of Castañer. The Board shall establish for said zone or zones, an integral development plan, special regulations and applications of special regulations to govern the use of land mountains, lakes and rivers, mi... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5203/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5203 - Creation of a consulting group and appr... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5203 - Creation of a consulting group and appropriation of funds | (a) The Board shall designated a consulting group, within a term of not more than sixty (60) days from the date of approval of this act, whose purpose shall be to make recommendations to the Board, on the integral development plan that the Board shall adopt, and the measures the Government of Puerto Rico, agencies, ins... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5204/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5204 - Tax exemption for an eligible property ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5204 - Tax exemption for an eligible property subject to a new construction, substantial rehab... | Those eligible properties that are constructed, subject to substantial rehabilitation or improvements in a Special Planning Zone in Castañer within a period of fifteen (15) years after said Zone was designated pursuant to the provisions of this chapter, shall be entitled to an exemption for the purpose of real property... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5205/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5205 - Condoning of interest, surcharges and p... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5205 - Condoning of interest, surcharges and penalties for real property taxes on eligible pro... | All interest, surcharges and penalties for taxes owed on real property on the date the exemption provided in this chapter for eligible properties that have not been used productively for one (1) or more years is granted, shall be waived for the period corresponding to the time during which the same was not used product... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5206/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5206 - Authorization for securing loans | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5206 - Authorization for securing loans | (a) The Government Development Bank for Puerto Rico, as well as the Development Bank, may grant at their discretion, for a period of ten (10) years from the effective date of this act, collateral security to viable projects of new construction substantial rehabilitation and improvements, to eligible properties, or for ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5207/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5207 - Additional requirements to enjoy the be... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5207 - Additional requirements to enjoy the benefits of this chapter | In addition to the requirements established by other provisions of this chapter, as well as by other laws and regulations, the persons who wish to enjoy the tax benefits established hereby shall meet the following requirements:
(a) Keep all their tax liabilities with the Commonwealth of Puerto Rico and the municipaliti... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5208/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5208 - Deduction for wages | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5208 - Deduction for wages | (a) Every business or industry established or to be established in Castañer shall be entitled to an additional deduction for wages paid, when computing their income tax, equal to five percent (5%) of the applicable minimum wage for each new job created after the approval of this act. This deduction shall be in addition... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5209/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5209 - Deductions for rent | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5209 - Deductions for rent | Every business or industry that is established in a special planning zone in Castañer within a period of fifteen (15) years, from the date said zone was designated, shall be entitled to a special deduction for income tax purposes, equal to fifteen percent (15%) of the rent paid. This deduction shall be in addition to a... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5210/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5210 - Exemption for proceeds from certain act... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5210 - Exemption for proceeds from certain activities | (a) A ninety percent (90%) income tax exemption is hereby granted to individuals, corporations or associations of the proceeds of the sale tickets to artisan, agricultural, artistic and cultural fairs and sports events, provided the following requirements are met:
(1) The activity or event has to be held within one of ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5211/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5211 - Other tax incentives | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5211 - Other tax incentives | The following tax benefits shall be provided to the persons or entities that invest or contribute to the development of Castañer.
(a) All donations made to associations or entities of a recreational or cultural nature, established and operating in Castañer shall be treated as donations made to nonprofit entities, pursu... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5212/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5212 - Special Interagency Task Force for Cast... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5212 - Special Interagency Task Force for Castañer | A Special Interagency Task Force of an indefinite duration is hereby created for Castañer, which shall be constituted by agencies, members of the Legislature of Puerto Rico, and the government dependencies indicated below, and shall be presided and coordinated by the Chairperson of the Board.
The Chairperson of the Boa... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5213/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5213 - Other provisions | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5213 - Other provisions | The Department of the Treasury, the Municipal Revenues Collection Center, the Economic Development Bank, the Government Development Bank, the Planning Board and the Regulations and Permits Administration, are hereby authorized to approve rules and regulations to comply with the provisions of this chapter, in those aspe... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5214/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5214 - Disclosure | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5214 - Disclosure | It shall be the duty of the Board and of the Department of the Treasury to take all the measures needed to disclose the existence of this chapter to the citizenry and of the exemptions and benefits granted therein, so that the citizenry may benefit hereby.
This matter shall be attended to immediately after the approval... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5215/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5215 - Evaluation | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5215 - Evaluation | The President of the Planning Board and the Secretary of the Treasury shall submit a report to the Legislature two (2) years after the tax exemptions granted by this chapter have been in effect. Said report shall include an analysis of the tax effect established by this chapter on the development of Castañer, as well a... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-v/chapter-123/5216/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART V - Municipal Development (§§ 5001 — 5216)›Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216)›§ 5216 - Time to claim incentives, deductions, a... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART V - Municipal Development (§§ 5001 — 5216) › Chapter 123 - Special Act for the Development of Castañer (§§ 5201 — 5216) › § 5216 - Time to claim incentives, deductions, and other benefits | The incentives, deductions, and other benefits granted by virtue of §§ 5204, 5208 and 5209 of this title may be claimed during taxable years beginning before January 1 st, 2015.
History —Mar. 15, 1996, No. 14, added as § 19 on Nov. 17, 2015, No. 187, § 54. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-i/6001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter I - General Provisions (§ 6001)›§ 6001 - Definitions | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter I - General Provisions (§ 6001) › § 6001 - Definitions | For the purposes of this chapter, the following terms and phrases shall have the meaning stated hereinbelow:
(a) Person.— Shall mean a corporation, partnership, including a partnership that chooses the benefits of §§ 8630—8659 of Title 13; an individual or group of individuals; a trust or an estate.
(b) Hotel.— Shall m... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6011/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6011 - Exemptions | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6011 - Exemptions | (a) Types of exemption.— Every exempted business is exempted from the payment of contributions and the taxes mentioned in clauses (1)–(5) of this subsection:
(1) Exemption from the payment of income taxes.—
(A) Exemption rates.— Tourist industry development income, as well as the dividends or benefits distributed by th... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6012/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6012 - Exemptions—Exte... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6012 - Exemptions—Extension of exemption period | Any exempt business may apply for an extension of the exemption period approved under this chapter for an additional ten (10)-year period, upon filing an application with the Director in the manner prescribed by the Director, not later than the due date set by the Puerto Rico Internal Revenue Code of 1994, as amended, ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6013/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6013 - Credits | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6013 - Credits | (a) Kinds of credit.—
(1) Tourism investment credit.— Subject to the provisions of subsection (c) of this section, any investor (including a shareholder) shall be entitled to a tourism investment credit equal to fifty percent (50%) of his/her eligible investment made after the effective date of this act, to be taken in... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6014/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6014 - Renegotiation o... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6014 - Renegotiation of the exemption decree | (a) Renegotiation.— Any eligible tax-exempt business under §§ 10001 et seq. and §§ 10012 et seq. of Title 13 or §§ 693 et seq. of this title may petition for the renegotiation of its exemption decree to avail itself of the benefits granted under this chapter:
(1) If it meets the requirements of this chapter, including ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6015/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6015 - Transfer of the... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6015 - Transfer of the exempted business | (a) General rule. — The transfer of the concession obtained hereinunder, or of stock, shares or property, or under any majority proprietary interest of an exempted business to another person who will, in turn, continue to engage in the tourist-related activity to which the exempted business was formerly engaged in a ma... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6016/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6016 - Denial, revocat... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6016 - Denial, revocation and limitation of benefits | (a) Denial and reconsideration. — The Director may deny any petition filed under § 6017 of this title when he/she determines, in his/her sound discretion and taking into account the facts presented, and in view of the nature and condition of the physical facilities, the number of the jobs, the amount of the payroll, th... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6017/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6017 - Administration;... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6017 - Administration; granting of benefits; penalties | (a) Except as otherwise provided in this chapter, the Director shall be in charge of administering this chapter and shall exercise the powers, perform the duties and comply with the obligations imposed hereby. The duties provided in this chapter with regard to the income taxes or excise taxes shall be administered by t... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-ii/6018/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter II - Exemptions; Administration (§§ 6011 — 6018)›§ 6018 - Administrative ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter II - Exemptions; Administration (§§ 6011 — 6018) › § 6018 - Administrative decisions shall be final | (a) Any petitioner or concessionaire who is adversely affected or injured by any action by the Director or the Governor denying a duly-filed petition for the benefits of this chapter, or revoking and cancelling a concession of benefits pursuant to § 6016(b) of this title, or denying a transfer of a tax-exempt business ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6021/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6021 - Operatio... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6021 - Operation and license; investments | (a) Operation and license. — Any trust, corporation or partnership interested in operating as a Fund must apply for and obtain a license from the Director, upon the payment of two thousand dollars ($2,000), and submit to him/her whatever information is required in the applicable regulations.
(b) Investments. — The purp... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6022/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6022 - Organiza... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6022 - Organization and corporate name | A Fund shall be organized in accordance with the laws of the Commonwealth of Puerto Rico. It shall be constituted with, and may not adopt, a denomination or corporate name identical to that of any other pre-existing Fund.
History —Sept. 10, 1993, No. 78, § 12. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6023/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6023 - Capital ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6023 - Capital and roll of participants | The capital of each Fund shall consist of the money received from the persons who acquire securities of a Fund. The acquisition of securities of a Fund may only be made in cash.
Any person who manages a Fund shall keep a roll or registry of the persons who acquire securities of a Fund, including that information establ... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6024/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6024 - Liabilit... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6024 - Liability of the participant | The participants shall be liable for the debts or obligations of the Fund only up to the amount of the sum invested.
History —Sept. 10, 1993, No. 78, § 14. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6025/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6025 - License,... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6025 - License, effectiveness, and charges for issuance; audi... | (a) Effectiveness of license. — The licenses or authorization issued by the Director shall be effective for the period determined by the Director.
However, the licenses may be renewed for an additional period, subject to the conditions that the Director establishes by regulations. In any case of license renewal, the Di... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6026/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6026 - Report, ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6026 - Report, obligation to submit | Every Fund shall file the reports required by the Commissioner, who shall be responsible for regulating the content of said reports and the date on which these shall be filed. The Commissioner shall remit a true and exact copy of said reports to the Director and to the Secretary within thirty (30) days following the fi... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6027/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6027 - Non-comp... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6027 - Non-compliance of requirements, obligations and duties... | (a) Non-compliance of requirements, obligations and duties. — The Commissioner may levy and charge an administrative fine of five hundred dollars ($500) when he/she determines that the Fund did not comply with any of the requirements, obligations and duties established by this chapter or by regulations, in any particul... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6028/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6028 - Taxation... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6028 - Taxation of a fund | (a) Tax exemption. — Any Fund that has a license issued by the Director in force during its entire taxable year or during that part of said period which is applicable to the first or last year of operations, shall be exempted of the income tax levied by §§ 8006 et seq. of Title 13 and of the tax on volume of business l... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6029/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6029 - Taxation... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6029 - Taxation of participants | (a) Recovery of the investment in securities of a Fund. — Any distribution made by a Fund to the participants, including a distribution of income from non-tourist activities, shall be exempt of all income taxes and the amount of said distribution shall reduce the adjusted base the participant has in the securities of a... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6030/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6030 - Special ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6030 - Special tax on net long-term capital gains | In the case of capital gains attributable to investment in a Fund, the tax shall be ten percent (10%) on the amount of the excess of any net long-term capital gain over any net short-term capital loss. Any individual, estate, trust, partnership or corporation that is a participant may opt to include said gain as part o... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6031/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6031 - Involunt... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6031 - Involuntary conversions | (a) When the Commissioner revokes the license of a fund for violations of this chapter or its regulations, or the renewal of a license of a fund that was operating pursuant to this chapter is denied, he/she shall immediately notify the Director, who may create a trust or authorize the creation of another fund which sha... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6032/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6032 - Escrow a... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6032 - Escrow account | (a) When the Director authorizes the creation of a fund, the funds received by the fund shall be deposited in an escrow account in a financial institution approved by the Commissioner. The funds shall be kept in said escrow account and shall be disbursed to the exempted business pursuant to the mechanism provided in th... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6033/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6033 - Gains in... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6033 - Gains in the sale, exchange, or other disposition | Any gains in the sale, exchange or other disposition that is not a transfer by gift or inheritance, of an investment in securities of a fund, including the transfer of an investment in securities in a fund due to the total liquidation of the complementary incentives program to which the fund belongs, shall be deemed as... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6034/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6034 - Transfer... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6034 - Transfer of title | The transfer of shares or stock in a fund shall be subject to the requirements that the Commissioner establishes through regulations.
History —Sept. 10, 1993, No. 78, § 24. |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6035/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6035 - Other ex... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6035 - Other exemptions | (a) Tax on personal property. — The investments in securities of a fund or in shares in trusts created by the Director pursuant to § 6032 of this title shall be exempted from personal property taxes in Puerto Rico, and shall not have to be reported on the personal property tax return in Puerto Rico that the shareholder... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6036/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6036 - Regulati... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6036 - Regulations | The Commissioner shall promulgate regulations, in addition to the others provided in this chapter, to regulate matters in relation to:
(a) The sales commissions or fees that the participants are to be charged for the purchase or sale of stock or shares;
(b) the maximum percent of the monies of a fund that may be used f... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6037/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6037 - Limited ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6037 - Limited liability | Notwithstanding the provisions of Civil Code referring to the obligations of the partners towards third parties, those partners of shareholders that are part of a partnership or any other juridical person organized under the laws of Puerto Rico or any other jurisdiction, that has been granted an exemption under this ch... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6038/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6038 - Special ... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6038 - Special provisions for hotels that have been acquired ... | Any hotel owned by the Hotel Development Corporation as of the date of approval of this act and which has been acquired from said public corporation by a private investor in the first purchase-sale transaction of the hotel after said date, may take advantage of the exemptions provided in clauses (1) through (5) of subs... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-iii/6039/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039)›§ 6039 - Interrel... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter III - Tourism Investment Capital Funds (§§ 6021 — 6039) › § 6039 - Interrelationship with other acts | The provisions of this chapter shall not be used in conjunction with other economic incentive or tax acts, in such a way that the result of their use in conjunction with other acts shall be the obtaining of tax benefits or of any other nature that exceed the benefits to which they would be entitled under any of the law... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-v/6313/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter V - Sustainable Tourism Development (§§ 6313 — 6326)›§ 6313 - Public poli... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter V - Sustainable Tourism Development (§§ 6313 — 6326) › § 6313 - Public policy | It is hereby declared that the public policy of the Commonwealth of Puerto Rico is to propitiate the sustainable development of tourism as an instrument to educate and raise awareness in order to conserve, appreciate and experience natural resources as well as valuable environmental, cultural and historical resources i... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-v/6314/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter V - Sustainable Tourism Development (§§ 6313 — 6326)›§ 6314 - Definitions | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter V - Sustainable Tourism Development (§§ 6313 — 6326) › § 6314 - Definitions | For the purposes of this subchapter, the following terms shall have the meaning stated below:
(a) Area of cultural value. — A space, location or property that contains important features or attributes which are characteristic of or distinctive to our national culture, which may be, but are not limited to, historical, a... |
https://law.justia.com/codes/puerto-rico/title-twenty-three/part-vi/chapter-151/subchapter-v/6315/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273)›PART VI - Tourism (§§ 6001 — 6982i)›Chapter 151 - Tourism Development (§§ 6001 — 6326)›Subchapter V - Sustainable Tourism Development (§§ 6313 — 6326)›§ 6315 - Executive D... | 2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151 - Tourism Development (§§ 6001 — 6326) › Subchapter V - Sustainable Tourism Development (§§ 6313 — 6326) › § 6315 - Executive Director—Duties and powers | The Executive Director shall have all powers as convenient and necessary for the development of and for carrying out the public policy provided for in this subchapter. Furthermore, he/she shall have the duty of coordinating, in close collaboration with the Chairperson of the Planning Board and the Secretary, all matter... |
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