P.R. Laws tit. 29, § 864
The Guidelines Program shall be governed by the following general parameters:
(1) Offers may only be requested by veterans.
(2) Any recognition resulting from this proposal shall be given to the veterans.
(3) Eligibility of the surviving spouse. The surviving spouse of a veteran may retain the classification of veteran-owned small business or service-disabled veteran-owned small business.
(4) Annual verification. An annual verification shall be conducted to corroborate that the businesses continue to be owned and controlled by a veteran. If the ownership or control of the business changes, it shall be the responsibility of the owner thereof to immediately inform the Puerto Rico Industrial Development Company.
(5) Verification examination visits. These visits shall be focused on verifying the management and control of the operations to determine that the business is really independent rather than just representing a non-veteran-owned business that employs a veteran by offering him a commission or fee.
(6) Visits to the business. It shall be the responsibility of the Puerto Rico Industrial Development Company to visit the place where the business is located.
(7) Any business registered in the database of the Program that is found to be illegible shall be immediately removed from the registry.
(8) Full-time control. The Program requires that the eligible party, namely the veteran, has full-time control of the business. This requires the eligible owner to have only one business at a time within the Program and to work full-time in such business.
History —June 13, 2012, No. 113, § 6.