Sunday, November 28, 2010

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Fortuño The Tax Reform











































By Atty. Emmanuelli Rolando Jiménez, JD, LL.M.














rolando@bufete-emmanuelli.com

Governor this weekly Fortuño admitted that the activities of the Port of the Americas are not going to start this year. This means that despite promises of the Port of the Americas (APA), will not complete agreement which is vital for the start of the port business.
Fortuño But expressions of abandonment of the project were much more convincing, as he reiterated that the central government will contribute an additional penny to the PLA. In addition, said coldly that he will not intervene in the dispute between Government Development Bank and the APA about the disbursement of the remaining $ 40 million line of credit of 250 million that was approved by law to complete phases 1, 2, 3 of the Port.
What this means is that even though the money was approved by the Legislature, the Bank will retain the power to determine whether he spends the remaining money to the APA. The 40 million line of credit are required to pay the contractor who is completing the value area of \u200b\u200bthe port. If that money is not disbursed, the PLA will not have the main house to develop business activities related to the port.
The net balance of these actions officials and government agencies is that we have a great port that will not start having no operator, lacking land developed for value-added activities, and worse, will and interest for failing to throw forward. This involves the realization of the worst omens. The 2010 also will be a lost year for the Port of the Americas.

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Despite the outcry against this past June 30, 2010, the Mayor of Ponce renewed the Memorandum of Understanding between the Municipality of Ponce and Port Authority of Las Americas, which allows the transfer of the port is closed again the contract with the operator, but subject to the finalization of all the negotiation process within 90 days. The mayor pledged to retain control of the port if the APA does not close the deal with the operator in the term. The 90-day term expires on September 30, 2010. admission made by the Governor Fortuño the Port will not start running this year, lets not an alternative to the mayor of Ponce to leave the expiration of the memorandum of understanding and take over the Puerto de Las Américas Rafael Cordero Santiago. Find us on Facebook however, that the mayor will keep his promise to take responsibility for the Port of the Americas, is not an easy task. For this effort to succeed, the mayor of Ponce has to enlist the support of DISUR, which brings together the public sector, academic, business, together with communities, and will consolidate the planning and economic development of our region South. Support and DISUR intervention in the development plans of the Port of the Americas offers the management of the mayor's legitimacy be counting on all key sectors of our region and with the talent south of the university sector, which takes several years and ready to provide education and strategies for port development. Follow us on Twitter The mayor can not rely more on what says José Pérez Riera, president of the Board of Directors of the PLA, or what it says on the Port Fortuño. The failure is proved. It is time to explore new alternatives. The mayor then has the last word and has in its hands the future development of the Port of the Americas. If the mayor is folded back to partisanship and to renew the memorandum of understanding, the Port of the Americas will go down history as a failure that cost the people of Puerto Rico $ 250 million.
















The author is a probate lawyer, Chairman of the Firm
Emmanuelli
in Ponce, President of the South

Pro Alliance, Vice President DISUR, Inc., past president of the Chamber of Commerce of South Puerto Rico and host of Due Process Act, which airs every Saturday at 11:00 am by WPAB 550. For more information see
www.debidoproceso.com
.
www.bufete-emmanuelli.com