P.R. Laws tit. 21, § 6625

2019-02-20 00:00:00+00
§ 6625. Special requirements for the adoption of certain decisions

The following decisions shall also be made at a general assembly of the association, although with the affirmative vote of at least seventy-five percent (75%) of the total number of its members:

(a) The petition to the municipality to impose imposts charged benefits or profits on all real property located in the tourism improvement district, which shall be in addition to any tax imposed by law.

(b) The improvements project or projects to be defrayed with the proceeds of any imposts charged for benefits or profits.

(c) The amount of the imposts charged for benefits or profits and the term for which they shall be imposed.

(d) The formula to determine the imposts charged for benefits or profits received to which each property located within the tourism improvement district shall be subject.

When there are not enough members of the association present to comply with the requirements of this section, and the favorable vote of the absent members would be sufficient to approve the abovementioned decisions, those who failed to attend after having been duly notified shall be informed in detail by certified mail, of the decision adopted by the majority of the members present. Said members shall have a term of thirty (30) days, from the date of said notice, to state, in writing, their disapproval of the decision adopted. The vote of those members who fail to state their disapproval within the term provided, shall be counted as favoring the decision. Said decision shall be binding as soon as the approval of seventy-five percent (75%) of the total number of members is obtained.

History —Aug. 8, 1998, No. 207, § 2.005, eff. 60 days after Aug. 8, 1998.