WHEREAS, the schedule of fines for a specific violation of LLDA’s Rules and Regulations was approved on March 21, 1997, under Board Resolution No. 42, Series of 1997;

     WHEREAS, a review of LLDA’s rules and procedures was called for to address the concerns of the industry sector;

     WHEREAS, one of the areas for consideration is the imposition of administrative fines for operating without LLDA clearance pursuant to the aforestated Resolution;

     WHEREAS, a review of the procedures on the processing of LLDA clearance finds the need to amend certain provisions relative to the imposition of administrative fines;

     NOW, THEREFORE, foregoing premises considered, BE IT RESOLVED, as it is hereby RESOLVED, to amend Board Resolution No. 42, Series of 1997, as underlined below:

            x x x

     RESOLVED, FURTHER, that in the case of violation of the requirement to secure a valid LLDA Clearance (LC) prior to undertaking any development activity within the Laguna de Bay Region, an administrative fine of FIVE THOUSAND PESOS (PHP5,000) per year of operation shall be imposed reckoned from the date of receipt of the Notice of Violation (NOV).  However, for those who voluntarily apply for a LC sans NOV, the administrative fine shall be reduced by fifty percent (50%) provided that any development activity for which a LC is secured must conform with all existing rules and regulations of the Authority.

     RESOLVED, FURTHERMORE,  

            x x x

RESOLVED, FINALLY, that this amendment shall take effect immediately.

Resolution No. 146

Series of 2000

Page 2

APPROVED on October 26, 2000:

JOSE D. LINA, JR.

Chairman

ROSELLER S. DELA PEÑA

Vice-Chairman

ATTESTED BY:

LORETA D. VILLARUZ

Board Secretary V