The Tourism Company shall have the power and discretion to decree a general halt in the issuance of new franchises, authorizations, permits and licenses, but it may only do so when there exists concrete and credible evidence that the tourist ground transportation market is saturated, or when extraordinary circumstances exist within the tourist industry in the Commonwealth of Puerto Rico. 'Extraordinary circumstances' means, for the purposes of this section, those most likely to happen or of significant magnitude that affect the tourist industry in general. The halt in the issuance of new franchises, authorizations, permits and licenses shall be for the shortest term and as strictly necessary to address the extraordinary circumstances that affect the industry.\nHistory —Dec. 19, 2002, No. 282, § 17, eff. 180 days after Dec. 19, 2002.
Puerto Rico Legal Code