Regl. 8122, art. 1.4

General Purposes

Length: 127 wordsOfficial source

Cite as Reglamento Núm. 8122, Art. 1.4

This regulation is promulgated with the purpose of establishing all the rules and norms related to the incentives to be disbursed from the Ports Authority Fund pursuant to Articles 5(a)(1), 5(a)(2) and 5(a)(4) of the Act. The main objectives pursued by the Government of Puerto Rico through the adoption of incentives for the cruise ship industry are the following: a. To increase the number of passengers in cruise ships that visit the ports of Puerto Rico; b. To promote tourist consumption and investment in Puerto Rico's economy; to generate and increase benefits to be received by the different economic sectors of Puerto Rico; and c. Offer equal incentives to all operators of cruise ships in order to maximize the promotion of Puerto Rico as a tourist destination.
Regl. 8122, art. 1.4: General Purposes | Justis AI