Local Water Utilities Administration (1)
FIRB Resolution No. 057-90 • Fiscal Incentives Review Board • Resolutions • Dec 11, 1990
Full text
December 11, 1990 FIRB RESOLUTION NO. 057-90 SUBJECT : Local Water Utilities Administration (1) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the Local Water Utilities Administration in the amount of P4,901,341 . 00 only, representing the taxes and duties due on its importations of rotary drilling rigs and components in connection with its various water district projects for the year 1990: Provided , The such amount shall be chargeable against the 1990 Tax Expenditures Fund, 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 shall conduct a thorough review of the operations of local water districts monitored by it for purposes of making more realistic their water rate structure and submit details of actions undertaken thereon to the FIRB not later than March 31, 1991. (SGD.) JESUS P. ESTANISLAO Secretary of Finance Chairman FIRB References : FIRB Technical Committee Meeting dated December 4, 1990 FIRB Meeting dated December 10, 1990
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