Philippine National Railways (1)
FIRB Resolution No. 013-92 • Fiscal Incentives Review Board • Resolutions • Feb 17, 1992
Full text
February 17, 1992 FIRB RESOLUTION NO. 013-92 SUBJECT : Philippine National Railways (1) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the Philippine National Railways in the amount of P75 million only, representing the taxes and duties due on its importations to be used in its Main Line South Revitalization Project under OECF Loan Agreement No. PH-P98: Provided , That the availment thereof shall be in accordance with the terms and conditions of Section 15 of the 1992 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.) JESUS P. ESTANISLAO Secretary of Finance Chairman FIRB References : FIRB Technical Committee Meeting dated February 7, 1992 FIRB Meeting dated February 14, 1992
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