Light Rail Transit Authority (3)

December 7, 1992 FIRB RESOLUTION NO. 056-92 SUBJECT : Light Rail Transit Authority (3) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to allow the Light Rail Transit Authority to use the amount of P10,994,683.00 only, representing the balance of the subsidy availment previously granted thereto, in the amount of P17,115,218.00 only, pursuant to FIRB Resolution No. 38-92, to cover the taxes and duties due on replacement importations of equipment and spare parts, for use in its light rail transit operations, for the 2nd quarter of 1992: Provided , That the taxes and duties due on replacement importations shall not be in excess of the balance of the subsidy availment already granted thereto: Provided, Further , 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. BE IT FURTHER RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the Light Rail Transit Authority in the amount of P13 . 57 million only, representing the taxes and duties due on its importations of equipment and spare parts, relative to its light rail transit operations, for the 3rd and 4th quarters of 1992: 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. (SGD.) RAMON R. DEL ROSARIO, JR. Secretary of Finance Chairman FIRB References : FIRB Technical Committee meeting dated December 2, 1992 FIRB meeting dated December 3, 1992 FIRB Resolution No. Amount 7-92 P8,643,438.00 38-92 17,115,218.00 54-92 13,570,000.00 Total P39,328,656.00 ===========