National Electrification Administration

December 11, 1997 FIRB RESOLUTION NO. 029-97 SUBJECT : National Electrification Administration BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to renew the balance of tax subsidy previously granted in favor of the National Electrification Administration, pursuant to FIRB Resolution No. 21-96 (Amending the validity date of Certification of Entitlement to Subsidy No. 0207, renewing the balance of tax subsidy previously granted in the amount of P105.90 million only, to cover the taxes and duties due on its importation of electrical equipment, materials, specialized vehicles and steel poles, in connection with the rural electrification program), in the amount of P25 million only; Provided, That such availment shall be in accordance with the terms and conditions of Section 13 of 1997 General Appropriations Act, subject to the availability of funds thereof, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision under Executive Order No. 93. (SGD.) MA. CECILIA G. SORIANO Undersecretary of Finance Presiding Officer FIRB Reference: FIRB Technical Committee Meeting dated September 25, 1997 and November 28, 1997 FIRB Meeting dated December 11, 1997 FIRB Resolution No. Amount 2-97 (renewal) P23.00 million 29-97 (renewal) 25.00 million Total P48.00 million