P.R. Laws tit. 3, § 1906a
The benefited entity may petition the Authority to create a special improvement district in a specific geographical area. Said districts shall constitute areas with common characteristics, interests and problems but may include adjacent or non-adjacent properties.
The benefited entity shall provide the Authority with information sustaining the need and convenience for establishing said special improvement district. Said information shall include, but not be limited to:
(a) A detailed description of the proposed infrastructure and the reasons that make it necessary and justify the creation of the district;
(b) a description of the geographical area which shall receive a specific and substantial benefit by the construction of said infrastructure, including a specific description of the benefits said area shall receive and the method used to determine said benefits;
(c) the estimated cost of the infrastructure and its maintenance;
(d) the estimated time for the termination of the proposed project;
(e) an estimate of the percentage of the fees for benefits of the total cost of the project;
(f) other sources of financing available, if any, to defray the cost of the construction, improvement or rehabilitation of the infrastructure, and
(g) any other information which the Authority may request from the benefited entity which may be reasonably related to the establishment of said district and the imposition of the fees for benefits.
Should the Authority accept the petition, it shall determine in the resolution issued according to the provisions of § 1909c of this title, whether the method used to determine the benefits is a fair mechanism to determine the specific benefit which each property within the special improvement district shall receive.
History —June 21, 1988, No. 44, added as § 8 on June 24, 1998, No. 92, § 5.