Act of Establishment and Administration of Agricultural Technology Parks Article 17

The Park Enterprises shall pay surety pursuant to the regulations prescribed by the Administration within two (2) months of the date of approval for residency in order to ensure the implementation of the business plans.If, after three (3) years from the date of approval for residency and according to the review conducted by the Administration, a Park Enterprise fails to operate in accordance with its business plan, the surety referred to in the preceding paragraph may not be refunded. The surety shall be refunded, with no interest, to those that operate in accordance with their business plans.A Park Enterprise that fails to implement its business plan within the prescribed deadline specified in the preceding paragraph due to a justifiable reason may apply to the Administration for an extension of the deadline. The Administration may, after a review of a successful application, grant an extension of three (3) years, and may grant a further extension of another three (3) years, if necessary. The total prescribed period allowed for implementing a business plan shall not exceed nine (9) years.