Date: March 7, 2025

To amend Article 12.01, and add a new Article 12.14, to Chapter XII of Law 85-2018, as amended, known as the “Puerto Rico Educational Reform Act”, in order to provide that, through the Occupational and Technical Education Program of the Department of Education, schools specialized in developing programs aimed at promoting the transfer of technology to bring scientific and technological discoveries of students to public use, through commercialization, and the protection of property intellectual, which seeks to obtain patents and/or registration of service marks; add a new Section 2100.04 to Law 60-2019, as amended, known as the “Puerto Rico Incentive Code”, for the purpose of creating a so-called “Support Program for Schools Specialized in the Promotion of Technology Transfer and Product Marketing”, which will serve as a source of funding for the development, research and marketing of products generated by students of the mentioned above educational centers; amend articles 3, 4 and 26 of Law 214-2004, as amended, known as the “Puerto Rico Science, Technology and Research Trust Act”, with the purpose of conferring on the said Trust, as well as the Department of Economic Development and Commerce, the responsibility for supporting the development, research and marketing of the products generated by the students of the said schools; and for other related purposes.

To create the “Puerto Rico Tourism Satellite Account System Act” to present fundamental economic information on the impact of tourism in relation to Gross Domestic Product, gross value added, employment, taxation and the direct and indirect value that tourism brings to the economy of Puerto Rico, in order to develop policies aimed at boosting and developing the tourism sector in Puerto Rico.

To add a new Article 115 and renumber the current Articles 115 and 116 as Articles 116 and 117 respectively, of Act No. 187-2015, as amended, known as the “Interagency Validation Portal Act for the Granting of Incentives for Economic Development of Puerto Rico” (PIVCIDE).