Regl. 7816, art. 19-3.8
Additional incentives to other ports in the jurisdiction of Puerto
Length: 191 wordsOfficial source
Cite as Reglamento Núm. 7816, Art. 19-3.8
Rico
The Company may develop other incentives programs for ports in the jurisdiction of
Puerto Rico with the municipalities, public corporations or government
instrumentalities according to the individual reality of each port and its location. The
municipality or public entity interested in developing such programs shall submit to
the Company a necessity and convenience study that will include the estimated
return on the investment. Additionally, the interested municipality or public entity
shall prove to the satisfaction of the Company that the proposed program satisfies
each one of the following criteria:
a. the proposed incentive program is maintainable;
b. the region where the port is located has sufficient amenities to attract cruise
ships visits;
C. the program will improve the economic development of the region where the
port is located;
d. the program will increase the exposition of Puerto Rico as a tourist
destination to the international market;
e. the program is compatible with other programs established by the Company
for the tourist development of the area; and
f. any other criteria established by the Company in relation to the particular
situation of the port for which the incentive program is proposed.