P.R. Laws tit. 23, § 11112
PRTEC shall be the entity responsible for carrying out the purposes of this chapter. Thus, it shall have, among others, the following powers and responsibilities:
(a) To promote the public policy promulgated in this chapter and the SMBs participation in the job creation and retention incentive program provided thereunder.
(b) To certify SMBs as eligible to receive the incentives provided under this chapter.
(c) To advise eligible SMBs on the availability and function of the incentives to be granted before applying for the same.
(d) To coordinate and administer the incentives under this chapter.
(e) To prescribe by regulations the procedures that shall govern the incentive program provided in this chapter.
(f) To ensure that all procedures are carried out in accordance with the applicable rules and regulations.
(g) To impose sanctions and other applicable measures in the event of noncompliance by participating eligible SMBs as provided in this chapter.
(h) To collect data, prepare and publish statistics, studies and reports as provided in this chapter.
History —July 31, 2014, No. 120, § 1.4.