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Republic of the Philippines
PALAWAN COUNCIL FOR SUSTAINABLE DEVELOPMENT
(R.A. 7611)
Puerto Princesa City, Palawan

PCSD RESOLUTION NO. 96-94

RESOLUTION AUTHORIZING THE PCSD CHAIRMAN AND THE PCSDS EXECUTIVE DIRECTOR TO OPEN AN ACCOUNT TRANFERING THE DEPOSITORY FUNDS OF CALAUIT FROM THE RURAL BANK OF CORON TO LAND BANK OF THE PHILIPPINES.

WHEREAS, R.A. 7611, otherwise known as the Strategic Environmental Plan (SEP) for Palawan, which took effect on 19 June 1992, and Section 6 of act provides that the SEP shall serve as the framework to guide the government agencies concerned in the formulation of plans, programs and projects affecting the environment and natural resources of Palawan;

WHEREAS, effective 01 January 1995, through a Memorandum of Agreement between the Department of environment and Natural Resources (DENR) and the PCSD, the management and implementation of the Calauit Sanctuary has been under the PCSD;

WHEREAS, effective 17 Match 1995, the PCSD approved the “Guidelines on Visitor Management and Establishment of Trust Fund for the Calauit Game Preserve and Wildlife Sanctuary”, hereinafter referred to as the Calauit Guidelines.

WHEREAS, since the turn-over of the management and implementation of the Calauit Sanctuary to the PCSD, the PCSDS Executive Director has opened an account depositing the Calauit Trust Fund to the Rural Bank of Coron due to lack of any government -owned banking institutions on said municipality.

WHEREAS, at present, the Land Bank of the Philippines has already set up a branch at the Coron Municipality.

WHEREAS, Land Bank of the Philippines is a government-owned banking institution and that it is for the interest of the Philippine Government that its funds deposited in government banks.

WHEREAS, the PCSD staff proposed that the Calauit Funds Depository be transferred from the Rural Bank of Coron to the Land Bank of the Philippines.

NOW THEREFORE, upon motion by Cong. Alfredo E. Abueg, Jr. duly seconded by all the members of the Council present, the Council resolved, as it is hereby resolved, that the Council authorizes, the PCSD Chairman and the PCSDS Executive Director to open an account transferring the Depository of Calauit Funds from the Rural Bank of Coron to Land Bank of the Philippines in Coron Municipality.

APPROVED AND ADOPTED this 30th day of May 1996 in Puerto Princesa City, Palawan.

Certified True and Correct:

ARTHUR R. VENTURA
Secretary

Approved:

GOV.SALVADOR P. SOCRATES
Chairman,PCSD