News

NOV
12
2014

SBN-2131: Extending the Utilization Period of the Agricultural Competitiveness Enhancement Fund

An Act to Extend the Utilization Period of the Agricultural Competitiveness Enhancement Fund, Amending for the Purpose Republic Act No. 8178, as Amended Entitled ‘An Act Replacing Quantitative Import Restrictions On Agricultural Products, Except Rice, With Tariffs, Creating The Agricultural Competitiveness Enhancement Fund And For Other Purposes’.

  • This Bill seeks an extension of the Fund utilization period for five (5) years until 2020.
  • The Land Bank of the Philippines (LBP) shall administer and manage the Fund. The LBP and the Executive Committee of the ACEF shall organize an ACEF Project Management Office in the LBP for this purpose consisting of organic staff of the LBP.

 

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