P.R. House of Representatives Bill 534
On January 12, 2017, representative Urayoán Hernández Alvarado introduced H.R. Bill 534 to amend Article 8 of Act No. 26 of April 12, 1941, known as the Land Law of Puerto Rico, in order to provide free leasing of pieces of land property of the Land Authority for a period of twelve (12) months to bonafide farmers who are interested in using them for agricultural production.
The House of Representatives held a public hearing on September 5, 2018.
The proposed language is in addition to the authority the Land Authority has to make loans to individuals and organizations, who in the case of legal entities do not own more than 500 acres of land, for the production, making, marketing and distribution of agricultural products and subproducts.
If you have any questions about H.R. Bill 534 feel free to contact us at your convenience at (787) 765-5656.