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                                  NOTICES

                           DEPARTMENT OF COMMERCE

                              (Order No. 559)

     Resolution and Order Approving the Application of The Puerto Rico
                                 Industrial
  Development Co. for Special-Purpose Subzone Status at the Pharmaceutical
    Manufacturing Plants of the Bristol-Myers Squibb Co. in Humacao and
                              Barceloneta, PR

                         Tuesday, January 21, 1992

Proceedings of the Foreign-Trade Zones Board, Washington, D.C.

Resolution and Order

Pursuant to the authority granted in the Foreign-Trade Zones Act of June 18,
1934, as amended (19 U.S.C. 81a-81u), the Foreign-Trade Zones Board (the 
Board) adopts the following Resolution and Order: 

The Board, having considered the matter, hereby orders:

After consideration of the application of the Puerto Rico Industrial
Development Company, grantee of FTZ 7, filed with the Foreign-Trade Zones 
Board (the Board) on January 28, 1991, requesting special-purpose subzone 
status at the pharmaceutical manufacturing plants of the Bristol-Myers 
Squibb Company, in Humacao and Barceloneta, Puerto Rico, the Board, finding 
that the requirements of the Foreign-Trade Zones Act, as amended, and the 
FTZ Board's regulations are satisfied, and that the proposal is in the 
public interest, approves the application.

Approval is subject to the FTZ Act and the FTZ Board's regulations (as
revised, 56 FR 50790-50808, 10/8/91), including Sec.  400.28. The
Secretary of Commerce, as Chairman and Executive Officer of the Board, is
hereby authorized to issue a grant of authority and appropriate Board Order.

Grant of Authority for Subzone Status

Whereas, By an Act of Congress approved June 18, 1934, an Act "To provide
for the establishment of foreign-trade zones in ports of entry of the United 
States, to expedite and encourage foreign commerce, and for other purposes,"
as amended (19 U.S.C. 81a-81u) (the Act), the Foreign-Trade Zones Board (the 
Board) is authorized to grant to corporations the privilege of establishing 
foreign-trade zones in or adjacent to U.S. Customs ports of entry;

Whereas, The Board's regulations (15 CFR part 400) provide for the
establishment of special-purpose subzones when existing zone facilities
cannot serve the specific use involved, and where a significant public
benefit will result;

Whereas, The Puerto Rico Industrial Development Company, grantee of FTZ 7,
has made application (filed 1-28-91, FTZ Docket 5-91, 56 FR 4973, 2-14-91)
to the Board for authority to establish special-purpose subzones at the
Bristol-Myers Squibb Company plants in Humacao and Barceloneta, Puerto
Rico;

Whereas, Notice of said application has been given and published, and full
opportunity has been afforded all interested parties to be heard; and,

Whereas, The Board has found that the requirements of the Act and the
Board's regulations are satisfied;

Now, Therefore, The Board hereby authorizes the establishment of two
subzones at the Bristol-Myers Squibb Company plants in Humacao and
Barceloneta, Puerto Rico, designated on the records of the Board as
Foreign-Trade Subzones 7C and 7D, at the locations described in the
application, subject to the Act and the Board's Regulations (as revised, 
56 FR 50790-50808, 10/8/91), including  400.28.

Signed at Washington, DC, this 13th day of January 1992, pursuant to Order
of the Board.

Alan M. Dunn,

Assistant Secretary of Commerce for Import Administration 
Chairman, Committee of Alternates 
Foreign-Trade Zones Board.

Attest:

John J. Da Ponte, Jr.,

Executive Secretary.

(FR Doc. 92-1430 Filed 1-17-92; 8:45 am)