Metropolitan Waterworks and Sewerage System (1)

May 10, 1993 FIRB RESOLUTION NO. 019-93 SUBJECT : Metropolitan Waterworks and Sewerage System (1) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to renew the subsidy availment previously granted in favor of the Metropolitan Waterworks and Sewerage System, pursuant to FIRB Resolution No. 28-92 (Endorsing to the Department of Budget and Management the subsidy availment of the Metropolitan Waterworks and Sewerage System in the amount of P125 million only, representing the taxes and duties due on its importations for 1992 in connection with its various water supply rehabilitation and/or optimization projects): Provided , That the amount of subsidy to be available to the subject beneficiary shall be limited only to the unutilized portion of the subsidy availment previously granted thereto: Provided , further That such availment shall be in accordance with the terms and conditions of Section 15 of the 1993 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.) ERNEST LEUNG Acting Secretary of Finance Chairman FIRB References : FIRB Technical Committee meeting dated March 30, 1993 FIRB meeting dated May 3, 1993