P.R. Laws tit. 23, § 11002c
(a) The Secretary of Development shall carry out from time to time such investigations as he/she deems necessary with respect to the operations of a film project, infrastructure project or the studio operator or large-scale studio operator. Each grantee shall file any and all reports and submit such other information regarding the subject of the grant as shall be required by the Secretary of Development from time to time.
(b) The grantee shall contract an auditor approved by the Secretary of Development to determine and render to the Secretary of Development a report certifying the amount in cash that has been paid to defray Puerto Rico production expenditures and to compute the appropriate tax credit. Said auditor shall meet all the requirements established by the Secretary of Development through regulations or circular letter. Once the grantee furnishes the auditor with the necessary information for the latter to comply with the preparation of the certification required under § 11006b of this title, the auditor shall have a term of thirty (30) days to complete the certification applicable under § 11006b of this title.
(c) The grantee shall notify the Secretary of Development the name and address of the administrator or representative who shall be responsible for rendering all the reports and causing the grantee to meet the requirements established in this chapter.
(d) The Secretary of Development shall draft a report to be submitted to the Governor and the Office of the Secretary of the Senate and the Clerk of the House of Representatives of the Government of Puerto Rico evaluating the effectiveness of the tax credits granted under this chapter in stimulating growth in the film industry not later than June 30, 2018.
History —Mar. 4, 2011, No. 27, § 3.4; July 13, 2012, No. 140, § 3.