P.R. Laws tit. 23, § 6355

2019-02-20 00:00:00+00
§ 6355. Nature of grants

The tax exemption and credit grants under this chapter shall be deemed to be a contract between the licensee, its stockholders, partners, members, or other entity, and the Government of Puerto Rico, and such contract shall be the law between the parties. Such contract shall be interpreted liberally, consistently with the purpose of this chapter of promoting the development of the tourist industry in Puerto Rico pursuant to the public policy set forth.

History —July 10, 2010, No. 74, § 17.