Philippine Economic Zone Authority (1)

February 20, 1996 FIRB RESOLUTION NO. 002-96 SUBJECT : Philippine Economic Zone Authority (1) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to renew the balance of the tax subsidy previously granted in favor of the Philippine Economic Zone Authority, pursuant to FIRB Resolution Nos. 8-95 and 45-95 (Renewing the tax subsidy previously granted in favor of the Export Processing Zone Authority/Philippine Economic Zone Authority, pursuant to FIRB Resolution No. 41-94; and granting tax subsidy to the Philippine Economic Zone Authority in the amount of P20 million only), in the amount of P31 . 64 million only, representing the taxes and duties due on its importation of materials and equipment in connection with its Cavite Export Processing Zone (CEPZ) Development Project under the 17th OECF Yen Loan Package: Provided , That such availment shall be in accordance with the terms and conditions of Section 12 of the 1996 General Appropriations Act, subject to the availability of funds therefor, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision Under Executive Order No. 93. (SGD.) MA. CECILIA G. SORIANO Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee Meeting dated January 26, 1996 FIRB Meeting dated February 19, 1996 Amount Renewed : P31 . 64 million only