P.R. Laws tit. 23, § 5201
For the purposes of this chapter, the following terms and phrases shall have the meaning stated below:
(a) Castañer. — The sector including the town of Castañer, the Río Prieto, Mirasol and Bartolo wards of the municipality of Lares, the Guayabo Dulce, Guayo and Limaní wards of the municipality of Adjuntas, the Río Prieto ward with its Arbela, Cerrote and Grillasca sectors of the municipality of Yauco and El Treinta Sector of the Municipality of Maricao.
(b) Board. — The Planning Board of Puerto Rico.
(c) Improvement. — All investment equal to or greater than twenty-five thousand dollars ($25,000) made to improve the physical condition of an eligible property. The certification to these effects shall be issued by the Regulations and Permits Administration.
(d) Successor business. — Any economic activity substantially similar to an economic activity that has been eliminated, in which the owner or proprietor of the new activity had twenty-five percent (25%) or more of the shares of the new interest in the suppressed activity.
(e) Eligible property. — All real property in Castañer dedicated to commercial, industrial or agricultural use, or to provide services, or used as a dwelling together with any of the other uses mentioned above, and which meets all the requirements of the Special Planning Zone to which it corresponds.
All real property that is not in use or in other uses not specifically mentioned, that is rehabilitated or constructed for residential, mixed, or cultural uses, or to be used as a building for educational purposes, health services, elderly or infant care, sports facilities, tourist recreational activities, community centers and others that the Planning Board determines that qualify as eligible property. To qualify as eligible property all of the properties described above shall meet the requirements of the special planning zone to which it corresponds and in all cases, such properties shall be eligible as long as they are devoted to the proportional uses herein provided.
(f) Substantial rehabilitation. — Every construction work equal to or greater than thirty percent (30%) of the eligible property’s market value, excluding the value of the lot on which it is located. The certification to these effects shall be issued by the Regulations and Permits Administration.
(g) Special Planning Zone. — An area designated by the Planning Board to promote the integral development and rehabilitation thereof, taking into consideration the factors that encourage the attraction and retention of the population, which provide economic vitality and propitiate the more adequate use of land, as well as the creation of a functional and aesthetically-enjoyable rural environment.
History —Mar. 15, 1996, No. 14, § 2; Sept. 22, 2004, No. 403, § 1.