P.R. Laws tit. 23, § 11198
The Puerto Rico Industrial Development Company, in conjunction with the Land Authority, shall create an inventory of the real property of the Government of the Commonwealth of Puerto Rico (ELA, Spanish acronym) that may be made available to young entrepreneurs to establish a new business, as defined in this chapter. These government entities shall: (1) give priority to the establishment of new businesses in municipalities where unemployment rates exceed the median of the Island’s unemployment rate, according to the report entitled “Unemployment Statistics by Municipality”, prepared on a monthly basis by the Bureau of Labor Statistics of the Department of Labor and Human Resources; and (2) establish through regulations the cost of the properties.
Agencies must complete the inventory process within thirty (30) days after the approval of this act.
Every agency, public corporation, and instrumentality of the Commonwealth of Puerto Rico is hereby directed to submit an inventory of available properties, in accordance this chapter, within thirty (30) days after such inventory has been required.
History —Aug. 7, 2014, No. 135, § 10.