P.R. Laws tit. 23, § 11006
(a) Grants issued under this chapter shall be considered a contract between the grantee, its stockholders, members, investors, partners and/or owners, and the Government of Puerto Rico, and such contract shall be considered the law between the parties. Said contract shall be interpreted liberally, in accordance with the purpose of this chapter to promote the public policy set forth herein. No such contract may be amended or terminated without the mutual consent of the parties thereto, except in cases of non-compliance with its established terms and conditions. The Secretary of Development shall have discretion to include in each grant, such terms and conditions as are consistent with the purposes of this chapter, taking into consideration the nature of the petition or action requested, as well as the applicable facts and circumstances.
(b) Every grantee under this chapter shall conduct its operations substantially as stated in the application for the grant, except as these have been amended through amendments authorized by the Secretary of Development upon request of the grantee prior to the event for which the amendment was requested.
History —Mar. 4, 2011, No. 27, § 7.1.