Reimbursement of the costs of exporting products manufactured in Puerto Rico.— If an expanding business intends to export products manufactured in Puerto Rico, the Agreement shall grant a twenty percent (20%) reimbursement of the shipping costs incurred in the export of such products during the first eighteen (18) months of effectiveness of the agreement. If the expanding business incurs in combined shipping costs to export products manufactured and products not manufactured in Puerto Rico it shall agree upon a reasonable formula with the executive director, which shall be defined in the agreement, to determine the shipping costs corresponding to the export of products manufactured in Puerto Rico. The expanding business shall provide the company with evidence of the shipping costs to be reimbursed prior to receiving a reimbursement under this subsection. Up to thirty percent (30%) of the shipping costs incurred in exporting agricultural products of Puerto Rico may be reimbursed. Reimbursements provided herein shall be paid after the first year and not later than the second year after the execution of the agreement, and shall be covered from special funds appropriated to the Company for the administration of this chapter.
History —Jan. 10, 2013, No. 1, added as § 4.7 on July 5, 2013, No. 54, § 5.