The fund shall finance, promote, develop and support all activities related to the production of feature length films pursuant to the conditions established through regulations by the board of directors.Subject to the regulations adopted, the board of directors may grant other reimbursable benefits set aside to support said activities to any natural or juridical person, non-profit institution, corporations, groups or partnerships provided they are not used for private purposes, nor primarily for the purpose of political or sectarian propaganda.The board of directors, through the regulations to be adopted, shall provide financial support for the purposes established in this chapter. The financing shall be granted for not more than the sum equal to eighty percent (80%) of the proportional part of the cost of production, or up to a maximum of one million two hundred thousand dollars ($1,200,000), whichever is less. History —Aug. 17, 2001, No. 121, § 7.04.
Puerto Rico Legal Code