Light Rail Transit Authority (2)

July 11, 1996 FIRB RESOLUTION NO. 024-96 SUBJECT : Light Rail Transit Authority (2) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to amend the validity date of Certificate of Entitlement to Subsidy No. 0210 previously granted in favor of the Light Rail Transit Authority, pursuant to FIRB Resolution No. 4-96 (Renewing the balance of tax subsidy in the amount of P18 . 40 million only previously granted to it, but only up to the extent of the unused balance thereof in the amount of P5 . 886 million only , representing the taxes and duties due on its importations of regular operating and maintenance materials, equipment and spare parts for its light rail transit operations) from June 30, 1996 to December 15, 1996. (SGD.) MA. CECILIA G. SORIANO Undersecretary of Finance Presiding Officer FIRB Reference : FIRB Meeting dated July 10, 1996 Resolution No. Amount 4-96 (renewal) P18.40 million 24-96 (amendment of validity date) - Total P18.40 million ===========