6861f

(a) The Puerto Rico Ports Authority and the Puerto Rico Tourism Company shall prescribe by regulations to such effect, all that pertains to the manner and form in which the incentives shall be applied for and granted, in order to ensure a sound administration of public funds.(b) The Puerto Rico Ports Authority shall have the obligation to oversee that the funds appropriated to the Authority Fund are used as provided in the regulations adopted by the same. The Puerto Rico Tourism Company shall have the obligation to oversee that the funds appropriated to the Company Fund are used as provided in the regulations adopted by the same.(c) On or before ninety (90) days as of the close of every fiscal year, the Puerto Rico Ports Authority and the Puerto Rico Tourism Company shall submit a report to the Governor and the Legislative Assembly of Puerto Rico on their compliance and administration of this chapter. History —July 4, 2011, No. 113, § 9.