P.R. Laws tit. 21, § 1040
For purposes of interpreting and applying this chapter, the following terms or phrases shall have the meaning stated below:
(a) Commissioner.— Means the Commissioner of Financial Institutions of Puerto Rico.
(b) Selection Committee.— Means a Committee composed of the following members: the Secretary of the Department of Economic Development and Commerce, the Secretary of the Treasury, the Executive Director of the Tourism Company, the Commissioner for Municipal Affairs, and one (1) public interest representative, who shall be appointed by the Governor of Puerto Rico with the advice and consent of the Senate. This last member shall not be an employee or contractor of any agency, entity, department, board, office, public corporation, or municipality of the Government of Puerto Rico.
(c) Grantee.— Means any eligible business to which a decree has been granted pursuant to the provisions of this chapter.
(d) Decree.— Means the document issued by the Selection Committee pursuant to the provisions of this chapter and accepted by the grantee, which contains contractual obligations with binding force between the Government and the grantee.
(e) Executive Director.— Means the Executive Director of the Puerto Rico Tourism Company.
(f) Facilities or Facility.— Means entertainment tourist facilities, such as, or which consist of, a room for games of chance or casino operated by a grantee pursuant to the provisions of the decree and the game room license granted pursuant to the provisions of this chapter. For purposes of this chapter, rooms for games of chance or casinos shall be understood to be those defined in §§ 71 et seq. of Title 15.
(g) New game or New games.— Means any new game or new version of an existing game to be introduced in the jurisdiction of Puerto Rico. The Tourism Company must submit for the approval of the Legislative Assembly and the Governor, any new games it may deem necessary to comply with this chapter. The Legislative Assembly may introduce new games motu proprio in order to comply with this chapter.
(h) Act No. 221.— Means §§ 71 et seq. of Title 15, better known as the “Games of Chance Act”.
(i) Eligible municipalities.— Means those municipalities in Puerto Rico that are considered by the Selection Committee to receive the benefits defined in this chapter by following the criteria established herein. Eligible businesses must develop their project in eligible municipalities.
(j) Eligible business.— Means any person that meets the minimum requirements set forth in this chapter.
(k) Person.— Means any natural or juridical person.
(l) Project.— Means a tourist development project composed of a hotel, its facilities and amenities, as its main elements, and any business and recreational establishments as secondary elements to be developed by an authorized grantee pursuant to the provisions of this chapter and the decree.
History —Aug. 1, 2010, No. 118, § 4.