Equal sums shall be charged when granting an extension or approving a transfer of the concessions granted. Furthermore, all concessions for hydraulic and electric force shall pay semiannually and in advance, unless there is an agreement to charge a lower rate, one colón for each horsepower, provided the power does not exceed fifty horsepower, and two colones for each horsepower when it is greater than that amount. Concessions for hydraulic or electric force destined for agricultural purposes and within the property of the concessionaire, including lighting, heating services, etc., shall only pay half of the taxes indicated in the preceding paragraph regarding the fee for concession rights, and the same tax regarding the semiannual fee, provided it does not exceed one hundred horsepower without doubling.
If the indicated fee (canon) is not paid during one semester, it may be paid during the following one, with a twenty-five percent surcharge, or during the third one with fifty percent. If three semesters elapse without the total payments having been made, with the respective fines, the indebted hydraulic or electric force concession shall expire.
The National Electricity Board (Junta Nacional de Electricidad) shall not grant new electrical concessions to those enterprises that are not current in the payment of interest or dividends to their shareholders residing in the country; and the Export Control Office (Oficina de Control de Exportaciones) shall not authorize the sending abroad of any amount as payment of interest, amortization, or dividend.
until it is justified that said concession has been fulfilled.
(As amended by Law No. 276 of August 27, 1942, Article 2)
NOTE: V.O.L.