P.R. Laws tit. 15, § 915
Every boxing promoter duly registered to do business in Puerto Rico, and those who do so after the effectiveness of this act shall make an initial contribution of one thousand dollars ($1,000) to the Special Fund to obtain their license, as well as a contribution of five hundred dollars ($500) per year at the time of its renewal. In addition, each promoter shall withhold point zero five percent (0.05%) of the net purse of each boxer who participates in a boxing match in Puerto Rico and shall remit its entirety to the Board of Trustees within a term of not more than five (5) days after the fight of said boxer to the Special Fund. Noncompliance by the promoter with this requirement shall entail a penalty of ten percent (10%) per month up to its total and complete payment. The Puerto Rico Professional Boxing Commission shall oversee faithful compliance with the provisions of this section.
History —Aug. 26, 2005, No. 90, § 20.