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.
Regl. 7816, art. 19-3.8: Additional incentives to other ports in the jurisdiction of Puerto | Justis AI