Metropolitan Waterworks And Sewerage System (2)

August 7, 1992 FIRB RESOLUTION NO. 028-92 SUBJECT : Metropolitan Waterworks And Sewerage System (2) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse 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 such availment 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: Provided, Further , That the beneficiary-entity shall set up a program to minimize non-revenue water losses in order that revenues due it may be enhanced and submit the results and/or progress of such program to the FIRB on a periodic basis or as often as may be required by the latter. (SGD.) RAMON R. DEL ROSARIO, JR. Secretary of Finance Chairman FIRB References : FIRB Technical Committee meeting dated July 21, 1992 FIRB meeting dated August 6, 1992 FIRB Resolution No. Amount 14-92 P40 million 28-92 125 million Total P165 million ========