Date: May 20, 2014

Budget request from the Puerto Rico Institute of Statistics for Fiscal Year 2014? 15

To order the Puerto Rico Senate's Committee on Economic Development, Small Business, Banking, Commerce, Insurance and Cooperativism to conduct a comprehensive investigation into the effectiveness of the tax incentives offered by the Puerto Rico Industrial Development Company (PRIDCO); to evaluate the real impact of such incentives on job creation, regional economic development, attracting investment, and strengthening specific industrial sectors; and for other related purposes.

To amend Article 6 of Law 209-2003, as amended, to provide that the Institute of Statistics of Puerto Rico may request, accept and receive donations, and set and collect reasonable fees for obtaining information and studies that originate, analyze or disclose by the Institute; that the sums collected by this concept will be entered into a special account called “Special Fund of the Institute of Statistics of Puerto Rico”, which may be used to defray the operating and operating expenses of the Institute and the statistical activities that the Institute determines; to amend Article 8 of the above-mentioned Act No. 209-2003, to establish that the Board of Directors of the Institute has the power to approve the acquisition of equipment, materials and services whose value exceeds one hundred thousand ($100,000) dollars; and to amend Article 11 of the aforementioned Law 209-2003...