Taking into consideration the ecological impact, so that an investment project be qualified for receiving the benefits of this Law, it must possess a plant for the treatment of industrial effluents. In addition the site of the plant shall not affect the life conditions of the surrounding area. At the time of erection of industrial plants, any effects on the environment and the arrangement foreseen in the urban planning of each site must be contemplated. The acknowledgment of the benefits foreseen in this Law shall be granted to each company by a resolution to be signed by the Minister of Industry and Commerce and the Minister of Finance. The agency in charge of its application and performance shall be the Ministry of Industry and Commerce, except in matters which refer to tax aspects, which shall be in charge of the Ministry of Finance.
Any benefits granted by the investment laws are irrevocable, excepting the cases foreseen in Art.
To be communicated to the Executive.