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FIRB Resolution No. 004-88

FIRB Resolution No. 004-88 • Fiscal Incentives Review Board • Resolutions • Nov 15, 1988

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November 15, 1988 FIRB RESOLUTION NO. 004-88 BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the HOME DEVELOPMENT MUTUAL FUND (HDMF) in the amount of P150 million , representing taxes and/or duties incurred by the HDMF in view of the withdrawal of its fiscal incentives: Provided , That such amount shall be chargeable against the Tax Expenditures Fund, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision Under Executive Order No. 93. cdt (SGD.) VICENTE R. JAYME Secretary Chairman-FIRB

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