reglab/statecodes huggingface dataset:
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 287 - Tax exemptions

In order to facilitate the procurement of funds by the Company to enable it to carry out its corporate purposes, the bonds issued by the Company and the income therefrom shall be and remain at all times exempt from taxation.
History —May 11, 1942, No. 188, p. 934, § 18, renumbered as § 17 on May 14, 1952, No. 456, p. 950, § 15; renumbered as § 16 on Dec. 29, 1997, No. 203, § 12, eff. Jan. 1, 1998.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 288 - Agreement of the Government

The Commonwealth Government does hereby pledge to, and agree with, any person, firm, or corporation, or any federal, Commonwealth, or state agency, subscribing to or acquiring bonds or other obligations of the Company, that it will not encumber, limit, or restrict the properties, income, revenues, rights, or powers hereby vested in the Company, until all such bonds or other obligations at any time issued, together with the interests thereon, are fully met and discharged.
History —May 11, 1942, No. 188, p. 934, § 19; Apr. 5, 1946, No. 285, p. 658, § 8; renumbered as § 18 and amended on May 14, 1952, No. 456, p. 950, §§ 14, 15; renumbered as § 17 on Dec. 29, 1997, No. 203, § 12, eff. Jan. 1, 1998.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 289 - Injunctions

An injunction shall not be granted to prevent the application of §§ 271—291a of this title or any part thereof.
History —May 11, 1942, No. 188, p. 934, § 20, renumbered as § 19 on May 14, 1952, No. 456, p. 950, § 15; renumbered as § 18 on Dec. 29, 1997, No. 203, § 12, eff. Jan. 1, 1998.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 290 - Inconsistent provisions superseded

Insofar as the provisions of §§ 271—291a of this title are inconsistent with the provisions of any other act of the Legislature of Puerto Rico, the provisions of sections 271—291a of this title shall be controlling and no law heretofore or hereafter passed governing the administration of the Commonwealth Government or any parts, offices, bureaus, departments, commissions, dependencies, municipalities, branches, agents, officers or employees thereof shall be construed to apply to the Company unless so specifically provided.
History —May 11, 1942, No. 188, p. 934, § 21, renumbered as § 20 on May 14, 1952, No. 456, p. 950, § 15; renumbered as § 19 on Dec. 29, 1997, No. 203, § 12, eff. Jan. 1, 1998.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 291 - Reports

The Company shall submit to the Legislature, to the Office of Management and Budget and to the Governor of Puerto Rico, as soon as practicable after the close of the fiscal year of the Commonwealth Government:
(1) A financial statement audited and prepared according to generally-accepted accounting principles, which shall include the income and the expenditures of the Company during the fiscal year accounted for, a statement of the condition of the Company at the close of said fiscal year, and a complete report of the business of the Company for the preceding fiscal year, and
(2) a complete report on the status and progress of all its enterprises and activities from the creation of the Company or from the date of its last such report. The Company shall also submit to the Legislature and to the Governor of Puerto Rico, on such other times as required to do so, official reports of its business and activities pursuant to §§ 271-291a of this title.
History —May 11, 1942, No. 188, p. 934, § 15, renumbered as § 21 and amended on May 14, 1952, No. 456, p. 950, §§ 13, 15; renumbered as § 20 and amended on Dec. 29, 1997, No. 203, § 13, eff. Jan. 1, 1998.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 291a - Submission of budget

In order to allow the Company to perform its new functions and powers as directed by §§ 271—291a of this title, the existing balances of the budget for fiscal year 1997-98 are hereby transferred together with other available funds as of January 1, 1998.
For subsequent fiscal years, the Executive Director of the Company shall submit a budget petition to the Office of Management and Budget, annually. Once said petition has been filed and evaluated it shall be submitted by the Governor to the Legislature within the General Expense Budget of the Government of Puerto Rico.
Furthermore, the Company shall submit to the Office of Management and Budget and to the Office of the Controller of Puerto Rico, any reports required by these with regard to the use of the funds appropriated by virtue of §§ 271—291a of this title or any other funds received through other legislative appropriations. The Company shall also submit official reports to the Legislature and to the Governor of Puerto Rico, on those other occasions that may be required, on all those activities defrayed with the funds authorized pursuant to this section.
The Company shall maintain separate accounts for all those obligations that shall be defrayed chargeable to the budget item assigned to it in compliance with the stipulations provided herein.
History —May 11, 1942, No. 188, p. 934, added as § 21 on Dec. 29, 1997, No. 203, § 14, eff. Jan. 1, 1998.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 292 - Exercise of transferred functions

The functions transferred to the Ports Authority by virtue of Reorganization Plan No. 10 of 1950 shall be exercised by said Authority without subjection to the controls relative to personnel, budget, purchases, property, disbursement of funds, transportation and travel authorizations, whereby they were governed prior to the approval of this act; Provided, That said functions shall be subject to the internal controls and procedures of the Ports Authority.
History —Aug. 25, 1950, No. 13, p. 56, § 3.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 293 - Transfer of Government property

The Commonwealth of Puerto Rico, its agencies and political subdivisions, including the municipalities and the Government of the Capital, are hereby authorized to grant and transfer to the Puerto Rico Industrial Development Company, at its request and upon reasonable terms and conditions, without requirement of public bid or other legal formalities in addition to the execution of the proper deed, any property or interest therein (including property already devoted to the public use) which the Company may deem necessary or advisable to effectuate its own purposes.
Pursuant to the provisions of this section, the title to any property of the Commonwealth of Puerto Rico, including the title to any property hereafter acquired, may be transferred to the Puerto Rico Industrial Development Company by the official in charge of said property or having it under his jurisdiction.
The Secretary of Transportation and Public Works shall transfer to the Puerto Rico Industrial Development Company, free from any cost whatsoever, such lands of the Commonwealth of Puerto Rico as, in the judgment of the Governor of Puerto Rico, said Company may need to carry out its ends and purposes.
These provisions shall not be construed in the sense of authorizing the grant or transfer of property devoted by law to other purposes.
The Secretary of Transportation and Public Works shall submit annually to the Legislature a list of properties granted and transferred to the Puerto Rico Industrial Development Company under the authorization herein contained, and the valuation of each property.
History —Apr. 5, 1946, No. 280, p. 648, § 1; June 18, 1958, No. 42, p. 67, § 2.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23 - Puerto Rico Industrial Development Company (§§ 271 — 303) › § 303 - Tax exemptions

It is hereby found and declared that the purposes for which the Puerto Rico Industrial Development Company was created, the several subsidiary corporations by it organized, and the activities developed by said Puerto Rico Industrial Development Company and its various subsidiaries, have been for the benefit of the inhabitants of Puerto Rico through discovering and furthering to the fullest possible extent the human and economic resources of Puerto Rico as a part of the economic reconstruction plan which the Commonwealth of Puerto Rico puts into practice through the Company and its subsidiaries for the general welfare of the people. Therefore, the Puerto Rico Industrial Development Company or any subsidiaries heretofore or hereafter organized by it under the provisions of § 278 of this title shall not be required to pay Commonwealth or municipal taxes or imposts on any property acquired by them, or by any of them, or under their jurisdiction, ownership or possession, or on their activities in the operation and maintenance of any of its undertakings and activities. The revenues, interest or income derived from the bonds and any other debentures issued by the Puerto Rico Industrial Development Company and/or its subsidiaries, or any of them, shall be likewise exempt from all kinds of Commonwealth, municipal or Government-of-the-Capital taxes or imposts.
For the purposes aforesaid, a subsidiary shall be understood to be any business, industrial, mining, or cooperative entity or organization whose paid-in capital, if a corporation, or whose assets, if a non-corporate entity, the Puerto Rico Industrial Development Company owns in full.
History —June 22, 1957, No. 95, p. 474, § 1.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23B - Puerto Rico Industrial Development Company, Early Retirement Program (2005) › § 307 - Implementation

The Puerto Rico Industrial Development Company, in its capacity as a public corporation, shall implement an Early Retirement Program to cover all employees who occupy positions in this Company and who by January 31, 2006 have acquired a minimum of twenty-four and a half (24 1 / 2) years of service accredited as participants in the Retirement System of the Employees of the Government of the Commonwealth of Puerto Rico.
History —Nov. 22, 2005, No. 143, § 1.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23B - Puerto Rico Industrial Development Company, Early Retirement Program (2005) › § 307a - Pension

All employees who meet the requirements established in § 307 of this title and who by January 31, 2006 have completed twenty-four and a half (24 1 / 2) or more accredited years of service regardless of their age, shall be entitled to receive a pension of seventy-five percent (75%) of the average salary.
It is hereby provided that what has been established in this chapter does not reduce the power and the authority of the Board of Directors of the Industrial Development Company for establishing the special criteria and parameters for granting any addition of benefit it may decide to grant as part of the Early Retirement Program. Also Provided, That the positions held by the employees who choose to retire shall not be reopened nor shall employees be contracted or subcontracted to perform the tasks executed by the employees who have chosen to retire unless they are indispensable for the operation of the Industrial Development Company, as determined by its Board of Directors.
History —Nov. 22, 2005, No. 143, § 2.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23B - Puerto Rico Industrial Development Company, Early Retirement Program (2005) › § 307b - Indispensable positions

Indispensable positions shall be understood to be those whose functions are of a highly specialized nature and that are indispensable and essential for the most effective operation of the Corporation so that the latter may be able to achieve the public purpose sought by the Industrial Development Corporation Enabling Act as a public corporate entity of the Commonwealth of Puerto Rico.
History —Nov. 22, 2005, No. 143, § 3.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23B - Puerto Rico Industrial Development Company, Early Retirement Program (2005) › § 307c - Special incentives

The special incentives which the Industrial Development Company shall grant to the employees who meet the parameters set forth in §§ 307 and 307a of this title are the following:
(a) The total liquidation of their accrued sick and annual leave.
(b) Medical plan for the two years following their date of retirement or a bonus equal to the contribution made by the Company for this benefit.
History —Nov. 22, 2005, No. 143, § 4.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23B - Puerto Rico Industrial Development Company, Early Retirement Program (2005) › § 307d - Election period

Those employees who meet the employment requirements according to §§ 307 and 307a of this title shall have to decide whether to avail themselves of the Early Retirement Program on or before January 31, 2006, provided the Industrial Development Company has already presented to its employees its Restructuring Plan indicating the positions that shall be maintained and the requirements for applying for these. Should the Industrial Development Company fail to comply with the presentation of the Plan before January 31, 2006, the employees shall have thirty (30) days after the presentation thereof to avail themselves of the Program.
History —Nov. 22, 2005, No. 143, § 5.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23B - Puerto Rico Industrial Development Company, Early Retirement Program (2005) › § 307e - Accredited service

In those cases in which the employees, in order to [be] able to complete the twenty-four and a half (24 1 / 2) years, need to have the services not accounted for in the Retirement System of the Employees of the Government of the Commonwealth of Puerto Rico accredited, must file an application with the Coordinator of Retirement Matters of the Industrial Development Company, before their date of separation from service. It is also provided that the employees may use the accrued vacation or sick leave so as to be able to compute the months they may lack to complete the retirement requirements provided by this chapter in order to be able to avail themselves of this window. To those effects, every twenty (20) accrued days shall equal one month of work.
The Coordinator of Retirement Matters of the Industrial Development Company shall certify to the System that the application for services not accounted for was filed while the employee was still in active service.
The Administrator of the Retirement System of the Employees of the Government of the Commonwealth of Puerto Rico shall accept the payment for the unaccounted services made by the employee even when the latter is no longer in active service, as an exception to § 765a of Title 3, provided it receives the certification of the Coordinator. The effective date of the pension shall be the day following separation from service, even though the employee has not finished paying for the unaccounted services.
History —Nov. 22, 2005, No. 143, § 6.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 23B - Puerto Rico Industrial Development Company, Early Retirement Program (2005) › § 307f - Actuarial cost

The actuarial cost of the pensions provided in this chapter as determined by the Administrator, shall be paid by the Industrial Development Company to the Retirement Systems Administration prior to the implementation of the Early Retirement System. Said actuarial cost shall consist of the difference between the present value of the accelerated pension granted by this chapter and the present value of a pension for years of service under the provisions of §§ 761 et seq. of Title 3.
History —Nov. 22, 2005, No. 143, § 7.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311 - Short title

This chapter may be cited as the “Puerto Rico Land Administration Act”.
History —May 16, 1962, No. 13, p. 11, § 1.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311a - Definitions

The following terms, whenever used in this chapter, shall have the following meanings, except where the context otherwise clearly indicates:
(a) Administration.— Means the Puerto Rico Land Administration.
(b) Board.— Means the Governing Board of the Administration.
(c) Bonds.— Means bonds, notes, or other obligations or evidences of indebtedness.
(d) Agency.— Means branch, department, bureau, commission, board, office, dependency, instrumentality, public corporation, political subdivision, or any other government body.
(e) United States.— Includes the federal government and its agencies, territories, possessions and political subdivisions, and the states of the Union and agencies thereof.
History —May 16, 1962, No. 13, p. 11, § 2.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311b - Creation; governing board, composition, term, compensation

(a) There is hereby created a body corporate and politic which shall constitute a public corporation or government instrumentality having a juridical personality separate and apart from that of the Commonwealth of Puerto Rico, and shall be known as the Puerto Rico Land Administration.
(b) The powers of the Administration shall be exercised, and its public policy determined, by a Governing Board composed of the Governor of Puerto Rico, who shall be Chairman, the Chairman of the Puerto Rico Planning Board, who shall be Vice-Chairman, the Secretaries of the Treasury, Transportation and Public Works, Agriculture, and Housing, the Economic Development Administrator, and four (4) additional members to be appointed by the Governor, with the advice and consent of the Senate, for a term of four (4) years and until their successors are appointed and take office.
Two (2) of said members shall be persons who have been related to the New Center of San Juan Project established by §§ 141 et seq. of this title, and who are professionally qualified so that, among other things, they may contribute to the endeavor assigned to the Puerto Rico Land Administration to give continuity to the development of said project by virtue of the act which transfers the same to it.
History —May 16, 1962, No. 13, p. 11, § 3; May 29, 1973, No. 53, p. 134; Apr. 9, 1984, No. 7, p. 18; June 27, 1985, No. 35, p. 129, § 8.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311c - Executive Director

The Executive Director of the Administration shall be appointed by the Board, shall hold office at the will of the appointing authority and until his successor is appointed and qualifies, and shall discharge such duties and bear such responsibilities as may be assigned to him by the appointing authority, pursuant to the bylaws of the Administration. The bylaws of the Administration may provide for the delegation to the Executive Director of such powers and duties of the Administration as the Board may deem proper.
History —May 16, 1962, No. 13, p. 11, § 4.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311d - Secretary

The Administration shall have a secretary, who shall be appointed by the Board. The Secretary shall hold office at the will of the appointing authority and until his successor is appointed and qualifies.
History —May 16, 1962, No. 13, p. 11, § 5.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311e - Debts, contracts, finances, printed matter and property

The debts, obligations, contracts, bonds, notes, debentures, receipts, expenditures, accounts, funds, printed matter, and property of the Administration shall be deemed to be those of the said Administration and not those of the Commonwealth of Puerto Rico or of any agency, official or employee thereof.
History —May 16, 1962, No. 13, p. 11, § 6.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311g - Subdivision of lands

The Administration may, subject to the applicable regulations of the Planning Board, subdivide the lands acquired by any of the means authorized by law, according to the topography of the land, its fertility, the local conditions, and the desirable policies to achieve the best development or utilization of such lands for the benefit of the Puerto Rican community, and thus to fulfill the purposes of this chapter. The size and value of such lands shall be determined by the Administration on the basis of the existing needs in the zone, urban or rural, where a program or public work or activity is to be undertaken for the better utilization of such lands. The Administration shall promulgate the necessary regulations to fulfill the purposes of this section.
History —May 16, 1962, No. 13, p. 11, § 8.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311h - Deposit and disbursement of funds

All funds of the Administration, including the proceeds from the sale of its bonds, shall be deposited with recognized depositories for funds of the Commonwealth of Puerto Rico, but such funds shall be kept in a separate account or accounts registered in the name of the Administration. Disbursements shall be made by the Administration according to its own regulations and budgets.
History —May 16, 1962, No. 13, p. 11, § 9.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311i - Examination of accounts and books by Comptroller; report

The Comptroller of the Commonwealth of Puerto Rico shall, whenever he may deem it necessary, but at least once each year, examine all accounts and books of the Administration, and shall report thereon to the Legislative Assembly, the Governor, and any other public officer, as he may see fit. No provision of this chapter shall be construed as a limitation to the powers of the Comptroller of Puerto Rico.
History —May 16, 1962, No. 13, p. 11, § 10.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311j - Conveyance of property and land

The public corporations of the Commonwealth are hereby authorized to assign and convey to the Administration, at the latter’s request and under such reasonable terms and conditions as they may agree upon, without the need for auction or other legal formalities additional to the execution of the proper instrument, any property or interest therein, including property already devoted to public use, such as the Administration may deem it necessary or desirable to possess for the effectuation of its own purposes.
The Secretary of Transportation and Public Works may, free of any cost whatsoever, convey to the Administration, with the approval of the Governor, such lands of the Commonwealth of Puerto Rico as said Administration may need for the effectuation of its purposes. This provision shall not be construed in the sense of authorizing the assignment or conveyance of property specifically devoted to other purposes by legislative provision.
History —May 16, 1962, No. 13, p. 11, § 11.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311k - Property—Purchase and condemnation

On request of the Administration, the Commonwealth of Puerto Rico may acquire, by purchase, condemnation, or by any other lawful means, for the use and benefit of the Administration, in the manner provided for by this chapter and by the Commonwealth laws on condemnation, the title to any real property and the interests therein that may be necessary or convenient for its purposes. The Administration shall advance the necessary funds estimated as the value of the property or rights to be acquired. Any difference in value which may be decreed by the competent court may be paid from the public treasury, but the Administration shall be under obligation to reimburse said difference. After reimbursement in full is made, the title to said property shall be transferred to the Administration, upon order of the court to that effect. In those cases where the Governor of the Commonwealth of Puerto Rico should deem it necessary and convenient that the title to the property and rights so acquired be directly recorded in behalf of the Administration so as to speed up the fulfillment of the ends and purposes for which the same was created, he may so request from the court at any time within the condemnation proceedings, and the court shall so order. The power hereby conferred on the Governor shall not limit or restrain the authority of the Administration to institute itself the condemnation proceedings when it may deem it convenient.
History —May 16, 1962, No. 13, p. 11, § 12.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311l - Property—Declaration of public utility

All real and personal property or interests therein necessary to carry out the purposes of this chapter are declared of public utility, also every work or project carried out by the Administration, and said real and personal property or any less estate or interest therein may be condemned without the previous declaration of public utility provided in §§ 2901—2913 of Title 32 either by condemnation proceedings instituted by the Commonwealth of Puerto Rico, or directly by the Administration.
History —May 16, 1962, No. 13, p. 11, § 13.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311n - Exemption from fees, taxes, registration

The properties belonging to the Administration, and any interest in any property held by it, shall be exempt from the payment of all kinds of fees, taxes (except property taxes), Commonwealth or municipal tariff fees or imposts, heretofore or hereafter required by law. This exemption covers the execution of all kinds of instruments, the prosecution of proceedings of any nature, or the issuance of certifications, and recordings in the registries of property.
History —May 16, 1962, No. 13, p. 11, § 15.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311p - Government Development Bank, applicability of provisions

The provisions of §§ 581—595 of Title 7, as heretofore or hereafter amended, shall be applicable to the Administration.
History —May 16, 1962, No. 13, p. 11, § 17.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311q - Prevalence

Where the provisions of this chapter are in conflict with the provisions of any other act of the Legislature of Puerto Rico, the provisions of this chapter shall be controlling and no law hereafter passed shall be construed to apply to the Administration unless so specifically provided.
History —May 16, 1962, No. 13, p. 11, § 18.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311r - Injunctions

No injunction shall be issued to prevent the application of this chapter or any part thereof.
History —May 16, 1962, No. 13, p. 11, § 19.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 24 - Land Administration (§§ 311 — 311s) › § 311s - Report to Legislature

The Administration shall submit to the Legislative Assembly at the close of each fiscal year:
(1) A financial statement.
(2) A report on the transactions made by the Administration during the preceding fiscal year.
(3) A report on the status and progress of all the activities of the Administration since its creation, or since the date of the last of these reports.
History —May 16, 1962, No. 13, p. 11, § 23.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 331 - Short title

Sections 331—352 of this title shall be known as the Puerto Rico Ports Authority Act.
History —May 7, 1942, No. 125, p. 710, § 1; Apr. 19, 1955, No. 17, p. 66.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 333 - Creation

(a) A body corporate and politic is hereby created constituting a public corporation and government instrumentality of the Commonwealth of Puerto Rico, with the name of the Puerto Rico Ports Authority. The Puerto Rico Ports Authority shall be the successor of the Puerto Rico Transportation Authority for all effects, including, but without it being understood as a limitation, the collection and payment of debts and obligations pursuant to the terms thereof.
(b) The Authority which is created hereby is and should be a government instrumentality and public corporation with a legal existence and personality separate and apart from those of the Government and any officials thereof. The debts, obligations, contracts, bonds, notes, debentures, receipts, expenditures, accounts, funds, undertakings and properties of the Authority, its officers, agents or employees, shall be deemed to be those of said government controlled corporation, and not those of the Commonwealth of Puerto Rico, or any office, bureau, department, commission, dependency, municipality, branch, agent, officials or employees thereof.
—May 7, 1942, No. 125, p. 710, § 3; May 14, 1952, No. 463, p. 976, § 2; Apr. 19, 1955, No. 17, p. 66; Aug. 17, 1989, No. 65, p. 270, § 2, eff. 90 days after Aug. 17, 1989.
History
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 335 - Executive Director

The Authority shall operate under the direction of an Executive Director who shall be appointed by the Board and shall hold office at the will of the latter. His/her functions shall be the following, without being limited thereto:
(a) To be the Authority’s chief executive officer.
(b) To prepare and present the Authority’s annual working plan and budget to the Board of Directors.
(c) To authorize and supervise every contract that is needed for the Authority’s operation, subject to the norms established by the Board.
(d) To attend all Board meetings, but shall not be entitled to vote.
(e) To establish, organize, direct and supervise the Authority’s administrative structure.
(f) To establish the functional levels of the Authority’s operations, including the power to recruit and contract any of the officers and employees under his/her supervision, subject to the norms that the Board may establish.
(g) To carry out all functions that are assigned to him/her by the Board.
History —May 7, 1942, No. 125, p. 710, § 5; May 14, 1952, No. 463, p. 976, § 4; Apr. 19, 1955, No. 17, p. 66; Aug. 17, 1989, No. 65, p. 270, § 4, eff. 90 days after Aug. 17, 1989.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 337 - Officers and employees

(a) Appointments, removals, promotions, transfers, terminations, reinstatements, layoffs, leaves and changes in position, compensation or title of the officers and employees of the Authority will be made and allowed as provided by the norms and regulations prescribed by the Board, which must be in conformity with the merit principles established in Act No. 5 of October 14, 1975, known as the Public Service Personnel Act of Puerto Rico. The Executive Director and the Authority’s officers and employees shall be entitled to reimbursement of necessary travel expenses, or in lieu of them, to the corresponding per diem as authorized or approved in accordance with the regulations adopted by the Board for the Authority. The officials and employees of any board, commission, agency or department of the Commonwealth of Puerto Rico who are appointed by the Authority and who prior to such an appointment were beneficiaries of any savings and loan fund system, shall continue to have after such appointment, the rights, privileges, obligations and status, with respect thereto that are prescribed by law for the officers and employees who hold similar positions in the Government of the Commonwealth of Puerto Rico, unless within a term of six (6) months after such an appointment said officers and employees or any of them, indicate an intention to relinquish them.
(b) No person who has a direct or indirect economic interest in any private industry engaged in the transportation business, or any business whose principal activities are auxiliary to it, shall hold office as an officer, employee or agent of the Authority.
History —May 7, 1942, No. 125, p. 710, § 7; May 14, 1952, No. 463, p. 976, § 6; Aug. 17, 1989, No. 65, p. 270, § 6, eff. 90 days after Aug. 17, 1989.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 338 - Monies and accounts

All monies of the Authority shall be deposited in qualified depositaries for funds of the Government of the Commonwealth of Puerto Rico, but they shall be kept in a separate account or accounts registered in the name of the Authority. The disbursements shall be made by it pursuant to the regulations and budgets approved by the Board.
The Secretary of the Treasury, in consultation with the Authority, shall establish the accounting system that is required for the adequate statistical control and registration of all expenses and income belonging to, or managed or controlled by the Authority. The Secretary of the Treasury shall require that the Authority’s accounts be kept in such a manner that the accounts related to the different types of operations, projects, enterprises and activities of the Authority can be appropriately segregated insofar as it is advisable. The Comptroller of Puerto Rico or his/her representative shall examine the Authority’s accounts and books every three (3) years or in shorter periods when it is deemed necessary, including its income, disbursements, contracts, leases, sinking funds, investments and any other matters related to its economic situation and shall render a report thereof to the Board, the Governor of Puerto Rico and the Legislature.
History —May 7, 1942, No. 125, p. 710, § 8; May 14, 1952, No. 463, p. 976, § 7; Aug. 17, 1989, No. 65, p. 270, § 7, eff. 90 days after Aug. 17, 1989.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 339 - Acquisition of property by Commonwealth

By request of the Authority, the Governor of Puerto Rico or the Department of Transportation and Public Works through its Secretary, shall have the power to purchase in the name or on behalf of the Commonwealth of Puerto Rico any property title or interest thereon that the Board deems necessary and convenient for its purposes, either by agreement or by the exercise of the right to eminent domain, or by any other legal means. The authority may make available to said officers the funds that are needed to pay for said property in advance, and once it has been acquired it may reimburse the Government of the Commonwealth for any amount paid that was not previously delivered. Upon such reimbursement to the Commonwealth Government, (or within a reasonable time as determined by the Governor if the total cost or price has been previously advanced by the Authority), the title to the property so acquired will pass to the Authority. The Secretary of Transportation and Public Works, with the Governor’s approval, may make those arrangements that he/she deems appropriate for the exploitation and control of said property by the Authority in benefit of the Commonwealth Government during the period that elapses before said title passes to the Authority. The power conferred hereby will not limit nor restrict in any manner or to any extent the power of the Authority itself to acquire property. The title of any property of the Commonwealth of Puerto Rico previously acquired or to be acquired in the future, and deemed necessary or convenient for the purposes of the Authority, may be transferred to it by the officer in charge or having custody of said property, under the terms and conditions to be fixed by the Governor of Puerto Rico.
History —May 7, 1942, No. 125, p. 710, § 9; May 14, 1952, No. 463, p. 976, § 8; Aug. 17, 1989, No. 65, p. 270, § 8, eff. 90 days after Aug. 17, 1989.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 339a - Taking possession of property in condemnation proceedings

When in the judgment of the Authority it be necessary to take immediate possession of the properties which are to be condemned, the Authority shall request from the Governor of Puerto Rico who, in behalf of the Commonwealth of Puerto Rico, acquires, and the latter shall have power to acquire by purchase, condemnation or by any other lawful means for the use and benefit of the Authority, the properties and real rights necessary and convenient to carry out the purposes and aims thereof. The Authority shall place in advance, at the disposal of the Commonwealth of Puerto Rico, the necessary funds that may be estimated as the value of the properties or of the rights to be acquired. The difference in value that the court may decree may be paid from the Commonwealth Treasury, but the Authority shall be under the obligation to reimburse said difference. After the totality of the reimbursement has been made the title of said property shall be transferred to the Authority by order of the court, by record substantiated to the effect, it being provided that in such cases where the Governor of the Commonwealth of Puerto Rico deems necessary and convenient that the property title and/or right so acquired should be recorded directly in behalf of the Authority to accelerate the fulfillment of the purposes and aims for which it was created, he may so request from the court at any time within the condemnation proceedings and is so ordered by the latter. In such cases, the registrar of property shall preferably proceed to make the recording of the property title or rights in question in behalf of the Puerto Rico Ports Authority, upon presenting for recording the pertinent instrument. The power hereby conferred, shall not limit, or restrict in any manner the power of the Authority itself to acquire property.
All personal and real properties and any right or interest thereon that the Authority deems necessary to acquire to carry out its purposes are hereby declared of public utility and same may be condemned by the Authority or at its request and for the use and benefit of the latter by the Commonwealth of Puerto Rico, represented by its Governor, without the previous declaration of public utility provided in § 2902 of Title 32.
History —May 7, 1942, No. 125, p. 710, added as § 9(A) on May 22, 1968, No. 55, p. 91.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 340 - Grant of property by municipalities, etc

All municipalities and political subdivisions of Puerto Rico, notwithstanding any contrary provision of law, are authorized to grant and convey to the Authority, upon its request and upon reasonable terms and conditions, any property or interest therein (including property already devoted to public use) which the Authority may deem necessary or convenient to effectuate the purposes of the Authority. The Authority shall have the right and power to construct or place any part or parts of any of its undertakings across, in, over, under, through or along any street, public highway, or any lands which are now or may hereafter be the property of the Commonwealth Government or any municipality or political subdivision thereof, without obtaining any franchise or other permit therefor. The Authority shall restore any such street, highway, or lands, as nearly as may be, to their condition or state at the beginning of the work, and shall not use the same in a manner to impair unnecessarily their usefulness.
History —May 7, 1942, No. 125, p. 710, § 10.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 344 - Remedies of bondholders

(a) Subject to any contractual limitations binding upon the holders of any issue of bonds, or trustees therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion or percentage of such holders, any holder of bonds, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of bonds similarly situated:
(1) By mandamus or other suit, action or process of law or equity to enforce their rights against the Authority and the Board, their officers, agents and employees to perform and carry out their duties and obligations under §§ 331—352 of this title, as well as their agreements and contracts with the bondholders;
(2) by action or suit in equity, require that the Board and the Authority assume responsibility as if they were the trustees of an express trust;
(3) by action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the bondholders, and
(4) to bring suit upon the bonds.
(b) No remedy conferred by §§ 331—352 of this title upon any holder of the bonds, or any trustee therefor, is intended to be exclusive of any other remedy, but each such remedy is cumulative and in addition to every other remedy, and may be exercised without exhausting and without regard to any other remedy conferred by §§ 331—352 of this title or by any other law. No waiver of any default or breach of duty or contract, whether by any holder of the bonds, or any trustee therefor, shall extend to or shall affect any subsequent default or breach of duty or contract or shall impair any rights or remedies thereon. No delay or omission of any bondholder or any trustee therefor to exercise any right or power accruing upon default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein. Every substantive right and every remedy, conferred upon the holders of the bonds, may be enforced or exercised from time to time and as often as may be deemed expedient. In case any suit, action, or proceeding to enforce any right or exercise any remedy shall be brought or taken and then discontinued or abandoned, or shall be determined adversely to the holder of the bonds, or any trustee therefor, then and in every such case the Authority and such holder, or such trustee, shall be restored to their former positions and rights and remedies as if no such suit, action, or proceeding had been brought or taken.
History —May 7, 1942, No. 125, p. 710, § 14; May 14, 1952, No. 463, p. 976, § 11; Aug. 17, 1989, No. 65, p. 270, § 10, eff. 90 days after Aug. 17, 1989.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART II - Economic Development (§§ 231-241 — 695i) › Chapter 25 - Puerto Rico Ports Authority (§§ 331 — 355-357) › § 345 - Reports

The Authority shall submit to the Legislature and to the Governor of Puerto Rico, as soon as practicable after the close of each fiscal year of the Commonwealth Government but prior to the end of the calendar year: (1) a financial statement and complete report of the business of the Authority for the preceding fiscal year, and (2) a complete report on the status and progress of all its undertakings and activities since the creation of the Authority or the date of its last such report. The Authority shall also submit to the Legislature and to the Governor of Puerto Rico, at such other times as may be required, official reports of its business and activities under §§ 331—352 of this title.
History —May 7, 1942, No. 125, p. 710, § 15.