Ordinance and Resolutions

A RESOLUTION APPROVING THE MEMORANDUM OF AGREEMENT (“MOA”) BETWEEN THE PROVINCIAL GOVERNMENT OF BULACAN AND POWERSOURCE FIRST BULACAN SOLAR, INC. (“PFBSI”) FOR THE GRANT OF FINANCIAL BENEFITS BY THE LATTER IN FAVOR OF THE FORMER BASED ON THE DEPARTMENT OF ENERGY’S ENERGY REGULATION NO 1-94 (“ER 1-94”); GRANTING GOVERNOR DANIEL R. FERNANDO AUTHORITY TO REPRESENT THE PROVINCIAL GOVERNMENT OF BULACAN AND TO ENTER INTO AND SIGN IN THE AFORESAID MEMORANDUM OF AGREEMENT; AND AUTHORIZING THE ESTABLISHMENT OF SEPARATE REGULAR ACCOUNTS IN TRUST AND/OR FOR THE BENEFIT OF THE ER 1-94 FUNDS IN ACCORDANCE WITH THE 1ST ADVISORY ON THE IMPLEMENTATION OF DC2018-08-0021.

Date Approved: March 2, 2023
Code: KAP BLG. 211-S’2023
A RESOLUTION APPROVING THE MEMORANDUM OF AGREEMENT (“MOA”) BETWEEN THE PROVINCIAL GOVERNMENT OF BULACAN AND POWERSOURCE FIRST BULACAN SOLAR, INC. (“PFBSI”) FOR THE GRANT OF FINANCIAL BENEFITS BY THE LATTER IN FAVOR OF THE FORMER BASED ON THE DEPARTMENT OF ENERGY’S ENERGY REGULATION NO 1-94 (“ER 1-94”); GRANTING GOVERNOR DANIEL R. FERNANDO AUTHORITY TO REPRESENT THE PROVINCIAL GOVERNMENT OF BULACAN AND TO ENTER INTO AND SIGN IN THE AFORESAID MEMORANDUM OF AGREEMENT; AND AUTHORIZING THE ESTABLISHMENT OF SEPARATE REGULAR ACCOUNTS IN TRUST AND/OR FOR THE BENEFIT OF THE ER 1-94 FUNDS IN ACCORDANCE WITH THE 1ST ADVISORY ON THE IMPLEMENTATION OF DC2018-08-0021.