P.R. Laws tit. 23, § 11061
The Puerto Rico Industrial Development Company is hereby designated as the government entity in charge of the administration and implementation of the provisions of this chapter; and all other agencies, public corporations, or instrumentalities, municipalities, and political subdivisions of the Commonwealth of Puerto Rico are hereby directed to provide all the necessary support, cooperation, assistance, and collaboration in order to carry out projects that this chapter seeks to incentivize in accordance with the purpose note under § 11061 of this title. Likewise, the Puerto Rico Industrial Development Company is hereby empowered to use and make available its funds or other properties as well as any other funds or properties that it may receive from time to time, in accordance with the transactions and transfers contemplated and authorized in § 11063 of this title for projects that this chapter seeks to incentivize. Similarly, the Puerto Rico Industrial Development Company is also authorized to use any of its present or future incentive programs or mechanisms using its own funds or funds it may receive pursuant to the transactions and transfers contemplated and authorized in § 11063 of this title to finance, make feasible, or facilitate the construction of facilities and infrastructure to be used for companies engaged in the aircraft maintenance, repair, and overhaul industry in Puerto Rico, insofar as such facilities are located in a property owned by any agency, public corporation, municipality, or political subdivision of the Commonwealth of Puerto Rico. Said incentive programs or mechanisms may include those programs or mechanisms under which the investment of said businesses is refunded or paid directly to contractors, suppliers, or other entities. Government-owned facilities may be leased to such businesses or the use and enjoyment thereof may be authorized to these businesses by means of usufruct, leasehold, easement, or any other manner. All other agencies, public corporations, or instrumentalities, municipalities, and political subdivisions of the Commonwealth of Puerto Rico are also hereby authorized to use and make available to the Puerto Rico Industrial Development Company any of its incentive programs or mechanisms to support the investment and establishment of this industry.
History —Feb. 27, 2014, No. 32, § 3.