1994

PARC COUNCIL RESOLUTION NO. 94-24-1

RESOLUTION APPROVING THE RULES AND REGULATIONS GOVERNING THE GRANT OF INCREMENT OF SIX PERCENT (6%) YEARLY INTEREST COMPOUNDED ANNUALLY ON LANDS COVERED BY PRESIDENTIAL DECREE NO. 27 AND EXECUTIVE ORDER NO. 228

NOW, THEREFORE, on motion duly seconded:

RESOLVE, as it is hereby resolved, is approve the granting of an increment of 6 percent yearly interest compounded annually on lands covered by PD 27/EO 228.

UNANIMOUSLY APPROVED.