reglab/statecodes huggingface dataset:
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) › § 6325 - Implications of the sustainable development of tourism for municipalities

Municipalities shall incorporate areas for the sustainable development of tourism within their Land Ordinance Plan, so as to promote the diversification of its assets within the diverse modalities of sustainable tourism, in coordination with the Puerto Rico Tourism Company. Likewise, they shall have capable personnel in the fields of environmental sciences, planning or education to develop municipal sustainable tourism projects in coordination with the Office, the Interagency Commission and the Advisory Council.
History —Nov. 30, 2006, No. 254, § 14.
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) › § 6326 - Annual reports

The Director shall have the responsibility of filing with the Governor and the Legislative Assembly of Puerto Rico the following annual reports:
(1) Report of the Office for the Development of Sustainable Tourism in Puerto Rico.— This report shall include specific data regarding the actions and activities carried out to comply with the duties and functions entrusted to said Office under this chapter. In particular, without it being understood as a limitation, it shall include specific information about the following:
(a) The duties established in § 6318 of this title.
(b) The community participation plan as well as the recommendations to fund sustainable tourism projects and incorporate the private sector in the development of ecotourism projects, as provided in §§ 6321 and 6322 of this title.
(c) The appropriation and use of public funds referred to Article 15 of this Act.
(2) Report of the interagency commission.— This report shall include specific data of the actions taken by the State government for the optimum development and promotion of sustainable tourism and ecotourism throughout the Island. It shall also include information of its interactions with and calls to the Advisory Board to participate in issues related to the development of sustainable tourism.
The annual reports required under this Section shall be filed with the Office of the Secretary of the Senate and the Office of the Clerk of the House no later than September 30th following the fiscal year to which they pertain.
History —Nov. 30, 2006, No. 254, added as § 16 on Dec. 16, 2011, No. 259, § 1.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6343 - Exemptions—Extension of the exemption period

Any exempt businesses may apply for an extension of the exemption period approved under this chapter for an additional term of ten (10) years by filing an application with the Director in the manner prescribed by the Director, not later than the expiration date set un the Puerto Rico Internal Revenue Code of 1994, as amended, to file their income tax return for the last taxable year within the exemption period, including any time extension granted by the Secretary for the filing thereof.
The Director shall follow the procedures described in § 6348(c) of this title and determine whether such exemption is essential for the development of the tourist industry, taking into account the facts presented, the nature of the physical facilities, the number of jobs, the total payroll, the total investment, the location of the project, its environmental impact, the reinvestment in the exempt business, whether in whole or in part, of the depreciation taken as a tax deduction, or other factors that, in his/her judgment, warrant such determination.
During the ten (10) year extension granted under this section, the exemption rates shall be those determined in § 6342 of this title.
History —July 10, 2010, No. 74, § 4.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6346 - Transfer of the exempt business

(a) General rule.— The transfer of the grant conferred under this chapter, or of the stock, shares, property, or under any majority proprietary interest of an exempt business to another person who, in turn, shall continue to engage in the tourist activity to which the exempt business devoted itself previously in a manner substantially similar to that of the exempt business at the time of the transfer, shall require the previous approval of the Director. If such transfer is made without such previous approval, the grant shall be null at the time of the transfer. Notwithstanding the foregoing, the Director may approve any transfer made without his/her approval effective retroactively when, in his/her judgment, the circumstances of the case warrant such approval, taking into account the best interests of Puerto Rico and the tourism development purposes of this chapter. All transfer applications under this section must be approved or denied within sixty (60) days following the date of filing. Any transfer application that is neither approved nor denied within such period shall be deemed to be approved. The denial of a transfer application shall be made in writing and shall also state the reasons for such denial.
(b) Exceptions.— The following transfers shall be authorized without previous consent:
(1) The transfer of the property of a deceased person to his/her estate of the transfer by bequeathal or inheritance,
(2) The transfer of stock or shares of an exempt business when such transfer does not result either directly or indirectly in a change in the command or control of the exempt business,
(3) The pledge or mortgage executed in the regular course of business with the purpose of providing a surety for a bona fide debt. Any transfer of control, ownership, or interest by virtue of such contract shall be subject to the provisions of subsection (a) of this section.
(4) The transfer by operation of law, by an order of a bankruptcy court or judge to a trustee receiver. Any subsequent transfer to a third party other than the debtor or bankrupted person him/herself shall be subject to the provisions of subsection (a) of this section.
(c) Notice.— All transfers included in the exceptions of subsection (b) of this section shall be reported by the exempt business to the Director within thirty (30) days from the date the transfer was made.
History —July 10, 2010, No. 74, § 7.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6349 - Administrative decisions; purpose

(a) Any applicant or licensee adversely affected or aggrieved by any action taken by the Director or the Governor denying a properly filed application for the benefits of this chapter or revoking and cancelling a benefit grant pursuant to § 6347(b) of this title, or denying an exempt business transfer applied for under § 6346 of this title, shall be entitled to a judicial review of such action as per the terms and conditions established by such regulation as the Director may promulgate to that effect, pursuant to the provisions of § 2101 et seq. of Title 3. During the transaction of the judicial review, the Director is authorized, when in his/her judgment, justice demands the postponement of the effective date of any action taken under such conditions as required and to the extent necessary to prevent irreparable harm. When such postponement is requested and the same is denied, the court before which the review is requested, including the Supreme Court of Puerto Rico by writ of certiorari, as provided further, may decree any necessary and appropriate procedure to postpone the effective date of any action taken by the Director, so as to preserve the status or the rights of the parties until the completion of the review proceedings, after having posted a bond in favor of the Secretary, subject to his/her approval and for the total amount of outstanding taxes, plus interest and penalties, plus interest computed for a period of one year at the prevailing legal rate.
Any decision or judgment of the Court of Appeals of Puerto Rico shall be subject to review by the Supreme Court of Puerto Rico by certiorari requested by any of the parties in the manner provided by law.
History —July 10, 2010, No. 74, § 10.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6350 - Releases

(a) Lessees who lease personal property to exempt businesses are hereby released from the requirement of holding a personal property leasing license as defined by § 996 et seq. of Title 10, known as the “Personal Property Leasing Institutions Act”.
(b) Exemption from the collection of fees and tariffs on public or private instruments.— Any deed, petition, or judicial document, whether public or private, related to the registration, recording, release, restriction, constitution, modification, extension, rectification, limitation, creation, or renovation of any real or contractual right with access to the Property Registry and which pertains to real property covered under this chapter, shall enjoy a ninety percent (90%) exemption from the payment of: (i) internal revenue, legal aid, or any other stamps required by law or regulation for its execution, issue of any certified copy, whether partial or total, its submittal, registration, and any other operations at the Property Registry; and (ii) tariffs, levies, taxes, and fees for its submittal, registration and any other operations at the Property Registry. The aforementioned exemption is subject to the previous approval of the Director, to be evidenced by a certification issued by the Director to that effect. A certified copy of such certification shall be submitted to the notary public, Registrar, court, or other government entity before which the benefits of this exemption are to be claimed and the same shall be attached to any document to be submitted at the Property Registry. Such persons and entities are hereby authorized to rely on such certification, which shall be presumed for all legal purposes to be correct and final.
The term “real or contractual right with access to the Property Registry”, as used in the above paragraph, includes all real or personal rights that as an exception have access to the Property Registry, recognized at present or that may be recognized in the future, including, but not limited in any way to:
(1) Legal, equity, appurtenant easements, or easement in gross;
(2) constitution of horizontal property regimes, timeshares, or vacation clubs, or condo hotels;
(3) surface and building rights, and any other building record or work completion certification whereby the registration of a building or improvement is requested;
(4) leases;
(5) mortgages;
(6) sales;
(7) exchanges;
(8) gifts;
(9) preferential right to repurchase, right of redemption, and ground rent;
(10) private waters;
(11) administrative grants;
(12) call option, and
(13) restrictions on use.
History —July 10, 2010, No. 74, § 11.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6351 - Limited responsibility

Notwithstanding the provisions of the Civil Code pertaining to the obligations of partners toward their parties, any partners or stockholders that constitute a partnership or any other juridical person organized under the laws of Puerto Rico or any other jurisdiction that enjoys an exemption grant under the Puerto Rico Tourism Development Act of 2010 or any analogue successor law, shall not be liable with their personal estate beyond their contribution to the licensee juridical entity for any debts or obligations of the entity, in the event that the assets of the juridical entity are not enough to cover them. Provided, That the aforesaid limited liability shall benefit the partners or stockholders in terms of all the activities of the juridical entity, including, but not limited to: (i) claims arising from tourist activities that gave rise to the aforesaid grant; (ii) activities related to the liquidation and termination of such activity; (iii) activities related to the disposal and transfer of the property used in the same; and (iv) activities related to the operation of any casino operating under a franchise granted pursuant to §§ 71 et seq. of Title 15. Provided, further, that the limited liability benefit provided herein shall take effect on the date of filing an application for exemption under this chapter, and the same shall apply to any cause of action that may arise from the facts transpired, before the juridical entity is dissolved.
History —July 10, 2010, No. 74, § 12.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6352 - Interrelation with other laws

The provisions of this chapter may not be used jointly with other economic or tax incentives laws in such a manner that the joint application of such laws results in the obtainment of tax or other benefits that exceed the benefits to which a party would be entitled under any of the laws applied individually.
Notwithstanding the foregoing, the following situations shall be excepted from this prohibition:
(a) A real estate investment trust with a valid choice under Subchapter P of Chapter 3 of Subtitle A of the Code, or any other previous or succeeding analogue law, or any corporation, limited liability company, partnership, special partnership, or legal entity entirely owned, whether directly or indirectly, by the real estate investment trust, may benefit from the provisions of this chapter, except for the benefits provided under § 6342(a)(1) of this title.
(b) An exempt business holding a decree under §§ 10641 et seq. of Title 13, known as the “Economic Incentives Act for the Development of Puerto Rico,” may choose to benefit alternatively from the provisions of this chapter on the part devoted to the generation and sale of solar energy produced by the use of alternative energy sources, such as the wind, sunlight, water, and biomass, among others, for consumption by an exempt business.
History —July 10, 2010, No. 74, § 13.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6353 - Regulations under this chapter

The Director shall promulgate such regulations as necessary to enforce the provisions and purposes of this chapter, including regulations on minimum requirements, in consultation with the Department of Agriculture, in order to grant tax exemptions to agri-lodgings and agritourism activities.
History —July 10, 2010, No. 74, § 14.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6354 - Tourist Development Act of 1993, as amended

No decrees shall be granted under the Tourist Development Act of 1993, as amended, after the approval of this act. Any application for a benefits grant under the Tourist Development Act of 1993, as amended, already filed as of the date of approval of this chapter, shall be deemed as filed under this chapter, and the applicant shall submit any additional information as necessary to complete an application duly filed under this chapter.
History —July 10, 2010, No. 74, § 15.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 151A - Puerto Rico Tourism Development Act of 2010 (§§ 6339 — 6355) › § 6355 - Nature of grants

The tax exemption and credit grants under this chapter shall be deemed to be a contract between the licensee, its stockholders, partners, members, or other entity, and the Government of Puerto Rico, and such contract shall be the law between the parties. Such contract shall be interpreted liberally, consistently with the purpose of this chapter of promoting the development of the tourist industry in Puerto Rico pursuant to the public policy set forth.
History —July 10, 2010, No. 74, § 17.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter I - General Provisions (§§ 6401 — 6404) › § 6402 - Establishment of the District and the Puerto Rico José Miguel Agrelot Coliseum

(a) For the purpose of supporting that the Center and the Coliseum be developed, administered, operated and maintained pursuant to this chapter by the Authority, the Puerto Rico Convention Center District, is created and established within the geographical area that shall be delineated in a map which shall be kept in the corporate offices of the Authority. Said geographic area shall consist of all the real property now owned or hereinafter acquired by the Authority that is in harmony with the purposes of this chapter (which may or may not be sold, leased, subleased, or otherwise transferred to third parties as a private parcel), but excluding all real property acquired or leased by the Authority and designated by it at the time of its acquisition or lease as property that shall not constitute a part of the District. Included as part of the Puerto Rico Convention Center District Authority is the area where the Isla Grande Airport, known as Aeropuerto Ribas Dominicci is located, and it shall be redesignated as Ribas Dominicci Executive Airport. The District shall also include the geographic area in which the Center shall be developed. After the effective date of this act, no portion of the District shall be exempted from the jurisdiction of the Authority.
(b) The installations that compose the “Puerto Rico José Miguel Agrelot Coliseum” are hereby attached to the Authority.
History —Sept. 2, 2000, No. 351, § 1.04; Oct. 4, 2001, No. 142, § 4; Aug. 3, 2004, No. 185, § 2.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter I - General Provisions (§§ 6401 — 6404) › § 6403 - Authority—Creation

A corporate body politic is hereby created which will constitute a public corporation and government instrumentality with its own juridical personality, which shall be known as the “Puerto Rico Convention Center District Authority”.
History —Sept. 2, 2000, No. 351, § 1.05; Oct. 4, 2001, No. 142, § 5.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter I - General Provisions (§§ 6401 — 6404) › § 6404 - Authority—General purpose

Without limiting the general purpose of any other provision of this chapter, the general purpose of the Authority shall be to possess, finance, acquire, dispose of, lease, sublease, sell, transfer, plan, design, develop, construct, operate, maintain, repair, replace, administer, market, improve and promote on its own or through a contract with third parties, the Center or any portion thereof, the private parcels and projects in the private parcels and any other project, or related or support service, and promote the development, construction, expansion, operation, administration, improvement and promotion of the Center, the private parcels and the projects in the private parcels, subject to the provisions of this chapter.
History —Sept. 2, 2000, No. 351, § 1.06; Oct. 4, 2001, No. 142, § 6.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter II - Board of Directors: Powers and Duties (§§ 6411 — 6416) › § 6413 - Acquisition of personal and real property

In order to perform the functions and comply with the purposes of this chapter, the Authority shall have the right to acquire real and personal property by purchase, exchange, donation, exercise of eminent domain, or by any other legal means available.
History —Sept. 2, 2000, No. 351, § 2.03; Oct. 4, 2001, No. 142, § 9.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter II - Board of Directors: Powers and Duties (§§ 6411 — 6416) › § 6414 - Eminent domain

The exercise of eminent domain, which power is granted to the Authority by this chapter, shall be requested by the Board in the name and on behalf of the Authority for the acquisition, use, usufruct, lease of any right or interest in the real or personal property subject to expropriation.
History —Sept. 2, 2000, No. 351, § 2.04; Oct. 4, 2001, No. 142, § 10.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter II - Board of Directors: Powers and Duties (§§ 6411 — 6416) › § 6415 - Declaration of public utility

To the ends and purposes provided by this chapter, all works and projects that the Authority carries out, and all the real and personal property, and every right or interest in the property they are on, that [are] needed for the enunciated purposes, that are acquired through the exercise of eminent domain, are hereby declared of public utility, and said real and personal property and any rights or interest thereon may be expropriated without a prior declaration of public utility as foreseen in § 2902 of Title 32, as amended, part of the “General Condemnation Act”.
History —Sept. 2, 2000, No. 351, § 2.05; Oct. 4, 2001, No. 142, § 11.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter II - Board of Directors: Powers and Duties (§§ 6411 — 6416) › § 6416 - Applicable exercise of eminent domain

The provisions of §§ 2901 et seq. of Title 32, as amended, or any subsequent law, are hereby extended and made available to the Authority, provided that said provisions are not incompatible with any other provision of this chapter, and shall be applicable to the power of eminent domain granted to the Authority under this chapter. In those cases that the legal dispute is circumscribed to the price or worth of the property that is subject to expropriation, and the requirements of § 2907 of Title 32, as amended, or any subsequent provisions of law for the declaration of acquisition and material delivery of the property, the Authority shall comply with the requirement of obtaining a bond or placing a deposit that, in the opinion of the court, shall be sufficient to cover the difference between the amount estimated by the Authority and the amount requested by the owner of the property that is subject to expropriation, as fair compensation, and to also cover any interest to which the owner of the property subject to expropriation is entitled.
History —Sept. 2, 2000, No. 351, § 2.06; Oct. 4, 2001, No. 142, § 12.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter III - Development and Administration of the Center and the District (§§ 6421 — 6422) › § 6421 - Development

For the purposes of the development, design, and construction of the Center, improvement projects and other projects on private parcels within the District, the Authority shall:
(a) Contract the services of planners, architects, engineers, and a construction crew, all of [whom] shall be experienced in the planning, design or development of convention centers and other tourist-related facilities complementary to said centers, to develop the master plan and design criteria for the Center and the District. To execute the development of said master plan, the design criteria for the Center and the District, and the development of any real property located in the District, the Board of Directors of the Authority shall consult all the pertinent agencies and regulatory bodies.
(b) Promote, establish, and coordinate the planning, design and development of the Center and the District, all projects in private parcels and the improvement projects, including the creation, imposition, registration and administration of conditions and restrictions to ensure compliance with any master plan and design criteria adopted by the Authority, and that shall include a procedure whereby the Authority, or a committee appointed by the Authority, will review and approve the compliance of all the proposed improvement plans for all the private parcels with said conditions and restrictions, master plan and design criteria. The Authority may impose a charge for said review.
History —Sept. 2, 2000, No. 351, § 3.01; Oct. 4, 2001, No. 142, §§ 13 and 14.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter III - Development and Administration of the Center and the District (§§ 6421 — 6422) › § 6422 - Administration

(a) For purposes of the administration, operation and management of the Center, the Authority may, on its own or through the contracting of a private firm, administer, operate and manage the Center, in coordination with the sales and marketing efforts of the Bureau, including, but without being limited to the control of the reservations calendar of the Center, in coordination with the sales and marketing efforts of the Bureau, the programming of the use of the Center pursuant to the reservations policy of the Center, administration of the lease contracts with clients of and for the services provided in the Center, contracting of salespersons, purveyors and employees, and the promulgation of rules related to the use of the Center. The Authority or the management company, as applicable, shall subcontract, or provide the following services to the client:
(1) Promotion[al] services, including but without being limited to generating press releases, developing client relations, communicating and delivering the norms and rules related to the use of the Center to potential clients and clients that have reserved the use of the Center, and the sale and promotion of the Center and its services.
(2) Operating services, including, but not limited to cleaning, repair and maintenance services, as well as all public utilities, mechanical services, telecommunications, technical and other similar services that are necessary or convenient to carry out the events in the Center.
(3) Food services, including, but not limited to providing food services for the events held in the Center, through concessions, restaurants, and other means.
(4) Private security services, including, but not limited to general security in the Center and in the events in the Center.
(5) Office and business services, including, but not limited to fiscal accounting, services related to the information systems, business center, human resources and services for exhibits.
(b) For purposes of the administration of the District, the Authority may contract a private management firm that shall be responsible for the administration of the District, including, but not limited to the marketing of private parcels and the projects thereon, as well as the District, the operation and maintenance thereof, the improvement projects and all the services provided by the Authority, and its fiscal administration.
History —Sept. 2, 2000, No. 351, § 3.02; Oct. 4, 2001, No. 142, § 15.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter IV - Benefit Assessments (§§ 6431 — 6432) › § 6431 - Nature and use

(a) Nature. — Benefit assessments shall constitute a charge and a statutory tacit lien levied by the Authority on private parcels in proportion to the benefits or utilities received or to be received from improvement projects, projects on private parcels and the Center as applicable. The procedure to establish the amount of benefit assessments to be imposed on each private parcel shall be established through regulations.
(b) Uses. — The proceeds from the collection of the benefit assessments, or from bonds secured by the benefit assessments shall only be used to finance the operating and other expenses of the Authority, and the planning, development, construction, operation, repair, replacement, marketing, maintenance of the Center, and rendering of services to the same or to improvement projects, projects on private parcels and the District, as applicable.
History —Sept. 2, 2000, No. 351, § 4.01; Oct. 4, 2001, No. 142, § 16; Sept. 21, 2004, No. 394, § 4.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6443 - Trust agreement; depository of proceeds from sale of bonds

At the discretion of the Authority, any bond issued under the provisions of this chapter shall be secured by a trust agreement between the Authority and any bank or trust company, as provided hereinbelow, which may be a bank or trust company located in or outside of Puerto Rico. Notwithstanding any provision of law to the contrary, said trust agreement shall not have to be constituted by means of a public deed to be deemed a valid trust under the laws of the Government of the Commonwealth of Puerto Rico. It shall be legal for any bank or trust company incorporated under the laws of the Government of the Commonwealth of Puerto Rico, the United States of America or any State of the United States of America that acts as the depository of the proceeds of the bonds, revenues or other moneys, to provide those indemnity bonds or pledge those securities required by the Authority. In addition, the trust agreement shall contain all those provisions that the Authority deems are reasonable and proper for the protection of the bondholders.
History —Sept. 2, 2000, No. 351, § 5.03; Oct. 4, 2001, No. 142, § 20.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6444 - Tax exemption

The bonds issued by the Authority and the revenues, interest or income derived thereby shall be exempt from all kinds of taxes or imposts of the Government of the Commonwealth of Puerto Rico, its agencies and municipalities.
History —Sept. 2, 2000, No. 351, § 5.04; Oct. 4, 2001, No. 142, § 21.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6445 - Refunding bonds

The Authority is hereby authorized to issue refunding bonds with the purpose of refunding those bonds that are outstanding and pending payment at that time, or to refund any outstanding obligations issued for the purposes of the Authority. The refunding bonds may be sold or exchanged for outstanding bonds issued under this chapter, and for other outstanding obligations, and if sold, the proceeds of said sale may be applied, in addition to any authorized purpose, to the purchase, redemption, payment or defeasance of said outstanding bonds or obligations in effect, and may be invested pending such application. The refunding bonds may be issued at the discretion of the Board, at any time on or before their date or dates of maturity, or the date selected for the redemption of the bonds or obligations that are being refunded.
History —Sept. 2, 2000, No. 351, § 5.05; Oct. 4, 2001, No. 142, § 22.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6446 - Exclusion of responsibility of the Government of Puerto Rico for the payment of bonds

The bonds issued by the Authority do not constitute a debt of the Government of the Commonwealth of Puerto Rico or any of its political subdivisions, and neither the Government of the Commonwealth of Puerto Rico nor any of its political subdivisions shall be liable for them, and said bonds shall be payable solely from those funds that have been set aside for their payment.
The Authority shall not be deemed to be acting on behalf of, or that it has incurred any obligation to holders of any debt of the Government of the Commonwealth of Puerto Rico.
History —Sept. 2, 2000, No. 351, § 5.06; Oct. 4, 2001, No. 142, § 23.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6447 - Personal liability

Neither the members of the Authority nor any person who executes the bonds shall be personally liable for said bonds.
History —Sept. 2, 2000, No. 351, § 5.07; Oct. 4, 2001, No. 142, § 24.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6448 - Purchase of outstanding bonds

The Authority is hereby authorized to purchase any outstanding bond issued, or obligation assumed by the Corporation with any of its funds available for such purpose, at a price that shall not be greater than the principal amount or their current refunding price plus the accrued interest.
History —Sept. 2, 2000, No. 351, § 5.08; Oct. 4, 2001, No. 142, § 25.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6449 - Bonds as legal investments and as security for deposits

The bonds of the Authority shall be legal investments and may be accepted as securities by any trustee, trust and public fund whose investment or deposit shall be under the authority and control of the Government of the Commonwealth of Puerto Rico or any official or officials thereof.
History —Sept. 2, 2000, No. 351, § 5.09; Oct. 4, 2001, No. 142, § 26.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6450 - Agreement between the Government of Puerto Rico and the bondholders

The Government of the Commonwealth of Puerto Rico pledges and agrees with the holders of any bonds issued under this chapter, and with those persons or entities that enter into contracts with the Authority pursuant to the provisions of this chapter, that it shall not limit nor alter the rights hereby conferred to the Authority until those bonds and the interest thereon are paid in full and said contracts are fully executed and honored by the Authority; Provided, however, That nothing provided herein shall affect or alter said limitation if adequate measures are provided by law for the protection of said bondholders, or of those who have entered into contracts with the Authority. The Authority, as an agent of the Government of the Commonwealth of Puerto Rico, is authorized to include this pledge on behalf of the Government of the Commonwealth of Puerto Rico on said bonds or contracts.
History —Sept. 2, 2000, No. 351, § 5.10; Oct. 4, 2001, No. 142, § 27.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter V - Issuance of Bonds (§§ 6441 — 6451) › § 6451 - Approval of bond issue

(1) Prior to the issue of its bonds, the Authority shall request and obtain a resolution approving said issue from:
(a) The Board of Directors of the Puerto Rico Tourism Company; and
(b) the Board of Directors of the Government Development Bank for Puerto Rico, or
(c) those committees that said Boards may designate for these purposes.
(2) Board of Directors of the Government Development Bank for Puerto Rico, or that committee designated by it, shall consider the following factors for the approval of said issue:
(a) Whether the Authority or the debtor, as pertinent, with its guarantor, if any, is financially responsible and is fully capable or willing to fulfill its obligations under the proposed bond issue, including its obligations to make payments in the amounts and on the dates required.
(b) Whether adequate provisions shall be taken for the payment of principal and interest on the bonds, and to create and maintain the reserves required to such respect.
(c) Whether, and to what extent, the bond issue will adversely affect bond issues or other pending obligations of the Government of the Commonwealth of Puerto Rico or any of its instrumentalities.
(3) The Board of Directors of the Government Development Bank for Puerto Rico and the Board of Directors of the Puerto Rico Tourism Company shall establish, through regulations or a resolution, all the procedures and requirements that they deem are needed to authorize said issue.
History —Sept. 2, 2000, No. 351, § 5.11; Oct. 4, 2001, No. 142, § 28.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6462 - Tax exemption—Private parcels

All owners, lessees, sublessees or concessionaires of private parcels or portions thereof shall be exempt from the payment of all kinds of charges, internal revenue stamps, fees, vouchers or taxes required by law for the execution of public documents and their presentation and recording in any public registry of the Government of Puerto Rico in relation to the sale, purchase, lease, financing, mortgage or other transfer of a private parcel or interest therein.
History —Sept. 2, 2000, No. 351, § 6.02.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6464 - Reports

The Authority shall submit an annual report to the Governor of the Commonwealth of Puerto Rico, which shall include the following information:
(a) A report and financial statement of the business of the Authority during the preceding year;
(b) a description of the contracts and transactions of the Authority during the preceding year, and
(c) the status and progress of the financing and activities as of the date of the report.
History —Sept. 2, 2000, No. 351, § 6.04; Oct. 4, 2001, No. 142, § 31.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6465 - Exemption from public bidding requirements

The Authority shall be exempted from any requirement related to the public auction or bidding for the adjudication of construction, services, purchase, or any other type of contracts when it is necessary or convenient to comply with its purposes and as authorized by the Board in each case, through a resolution to such effect. Any of said resolutions shall establish the circumstances that justify the exemption of the Authority from the public bidding requirements. The Authority shall establish through regulations, all the rules and procedures that are needed for the adequate use of its funds and resources, which shall comply with the parameters of sound administration.
The Authority may use the construction methodology known as construction management, or construction manager, as constructor, or any variation thereof in the contracting for any of its construction projects. The Authority may issue all the regulations, rules, administrative rulings, or circular letters it deems necessary to implement the contracting of such contracting [sic] methodology and its uses.
History —Sept. 2, 2000, No. 351, § 6.05; Oct. 4, 2001, No. 142, § 32.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6466 - Contents of deeds or contracts

Every contract, lease, deed of purchase, transfer or assignment of any portion of the property in the District shall explicitly establish that the buyer, lessee, assignee, or donee is aware of and cognizant [of], and shall fully comply with the provisions of this chapter, the criteria of the charges for benefits to be imposed, any master plan and design criteria adopted or to be adopted by the Authority, and all the conditions and restrictions imposed on the District by the Authority. Said representation shall be printed in bold type in the contract, deed, lease or other transfer document.
History —Sept. 2, 2000, No. 351, § 6.06; Oct. 4, 2001, No. 142, § 33.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6467 - Convention Center Fund—Creation

The Puerto Rico Convention Center Fund is hereby created to finance capital improvements to any improvement existing in the Center and for any future expansion thereof. The Authority shall deposit in the Convention Center Fund the charges for benefits and any available remaining income, after payment of interest and principal and the financing of all costs, expenses, and obligations related to the bonds issued by the Authority, debt service payments of the Authority, any reserves of the District maintained by the Authority, and all the administrative and operating costs of the Center, the Authority and the District.
History —Sept. 2, 2000, No. 351, § 6.07; Oct. 4, 2001, No. 142, § 34.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6468 - Nonapplicability

The provisions of §§ 278 et seq. and 279 et seq. of Title 10, as amended, or of any successor statute shall not be applicable to any contract or agreement which the Authority is a party to.
History —Sept. 2, 2000, No. 351, § 6.08; Oct. 4, 2001, No. 142, § 35.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6470 - Funds and accounts; accounting system

The moneys of the Authority shall be deposited with recognized depositaries for the funds of the Commonwealth of Puerto Rico, but shall be kept in a separate account or accounts in the name of the Authority. Disbursements shall be made by it according to the budget regulations approved by the Board.
The Authority, in consultation with the Secretary of the Treasury, shall establish the accounting system required for the adequate control and statistical registration of all expenses and income belonging to or administered or controlled by the Authority. The accounts of the Authority shall be kept in such a form that they may appropriately be segregated, insofar as advisable, with regard to the different types of operations, projects, enterprises and activities of the Authority.
History —Sept. 2, 2000, No. 351, § 6.10, renumbered as § 6.09 and amended on Oct. 4, 2001, No. 142, § 37.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6471 - Transfer of funds and property between Authority and other government and municipal bodies

Notwithstanding any provision of law or regulations to the contrary, all agencies, departments, public corporations, instrumentalities, municipalities and any other political subdivisions of the Government of the Commonwealth of Puerto Rico are hereby authorized to cede or otherwise transfer to the Authority, upon its request, and under the terms and conditions that are deemed reasonable, any personal or real property or any interest or rights thereon (including, but without being limited to property already devoted to public use), that the Authority deems is necessary or convenient to perform any of its corporate purposes.
In addition to what is provided in the above paragraph, any procedure, transaction, agreement or contract, including, but not being understood as a limitation, the expropriation, acquisition, sale, lease, usufruct, surface rights, constitution of any easement, or any other transfer, alienation, or assignment of any personal or real property, or any rights thereon, in which the Authority is a party to, shall not be subject to the applicable provisions of:
(a) Sections 31 et seq. of Title 28, as amended, or any successor act thereof, and
(b) any other similar provision of law or regulations.
History —Sept. 2, 2000, No. 351, § 6.11, renumbered as § 6.10 and amended on Oct. 4, 2001, No. 142, § 38.
2023 Laws of Puerto Rico › TITLE TWENTY-THREE - Public Planning and Development (§§ 1 — 11273) › PART VI - Tourism (§§ 6001 — 6982i) › Chapter 152 - Puerto Rico Convention Center District Act (§§ 6401 — 6475) › Subchapter VI - Miscellaneous Acts (§§ 6461 — 6475) › § 6472 - Regulations

The Authority may formulate by any necessary means, as it deems necessary, operating and regulatory guidelines, for the best operation of the Center and the District. Likewise, the Board shall have the power to adopt, formulate, amend, and repeal rules and regulations when it deems it necessary, or when it is provided by law, to govern the norms of its activities and execute the powers and duties that are granted by this chapter, subject to the provisions of §§ 2101 et seq. of Title 3, as amended, known as the “Commonwealth of Puerto Rico Uniform Administrative Procedures Act”.
History —Sept. 2, 2000, No. 351, § 6.12, renumbered as § 6.11 and amended on Oct. 4, 2001, No. 142, § 39.