(a) Regulations under §§ 10430—10441 of this title. — The Secretary of Development shall draft, in consultation with the Secretary of the Treasury, the Executive Director of the Puerto Rico Industrial Development Company and the Executive Director, those regulations that may be necessary to enforce the provisions of §§ 10430—10441 of this title in accordance with the purposes thereof.
(b) Regulations under § 10432 of this title. — The Secretary of the Treasury shall adopt regulations, in consultation with the Secretary of Development, the Director of Development, and the Executive Director, with respect to the granting, assignment or sale of the tax credits under § 10432 of this title.
(c) Except as otherwise provided, the adoption of regulations promulgated pursuant to the provisions of this chapter, shall be subject to the provisions of §§ 2101 et seq. of Title 3, known as the “Uniform Administrative Procedure Act of Puerto Rico”.
(d) The absence of any of the regulations contemplated under this chapter shall not impair the application thereof.
History —July 19, 2010, No. 83, § 3.3.