Philippine Genetics, Inc. (1)

August 22, 1996 FIRB RESOLUTION NO. 028-96 SUBJECT : Philippine Genetics, Inc . (1) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to approve the application for subsidy availment of the Philippine Genetics, Inc. in the amount of P11,699 million only , representing the duties due on its 1996 importations of 30,000 head of cattle only, relative to its livestock development program: Provided , That such availment shall be in accordance with the terms and conditions of Section 12 of the 1996 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 such availment shall be the last provision of tax subsidy to be granted on subject importation by the FIRB to the Philippine Genetics, Inc. (SGD.) MA. CECILIA G. SORIANO Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee Meeting dated June 26, 1996 Joint FIRB-Technical Committee Meetings dated July 26, 1996 and August 22, 1996