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10604 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Thirteen - Taxation and Finance (§§ 1 — 33423)/
  5. Subtitle 15 - Puerto Rico Industrial Incentives Generally/
  6. Part III - Other Tax Incentives/
  7. Chapter 951 - Tax Credits for Investment in Housing Infrastructure § 10601 - Definitions/
  8. 10604
Puerto Rico Legal Code

10604

The capacity of use of available infrastructure by third parties, shall be placed at the disposal of the Department of Housing for it to dispose thereof at its complete discretion, pursuant to the best interests of the Commonwealth of Puerto Rico.The Secretary of Housing is hereby empowered to impose and collect a charge or fee from the developers and persons who benefit or use the available infrastructure developed by any petitioner to whom a credit is granted. The charge or fee to be collected for the use of these facilities shall be determined by the Secretary of Housing with the Secretary of the Treasury through regulations to such effect.Notwithstanding the foregoing, in the case of infrastructure of regional or municipal impact, the charge or fee to be collected for the use of said facilities, if the same are enforced in every particular case, shall be determined by the agency together with the Secretary of the Treasury and the Secretary of Housing, through rules and regulations to such effect, and said charges or fees to be collected shall be transferred to the Secretary of the Treasury in order to be covered into the General Fund of the Commonwealth of Puerto Rico, until

s to such effect, and said charges or fees to be collected shall be transferred to the Secretary of the Treasury in order to be covered into the General Fund of the Commonwealth of Puerto Rico, until the proceeds resulting from the collection of those charges and fees amount to one hundred percent (100%) of the amount granted as tax credits relative to the infrastructure of regional or municipal impact. Once the tax credit amount granted to a combine has been reached, the Department of Housing shall make use of the remaining capacity of the infrastructure pursuant to the provisions of the first and second paragraphs of this section. History —Aug. 10, 2001, No. 98, § 6; Aug. 6, 2008, No. 171, § 4.
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