The Agriculture Committee of the House of Representatives today adopted and endorsed an amended bill on the Coco Levy Fund Utilization in a hearing presided by Cong. Jose Panganiban and attended by Speaker Gloria Macapagal-Arroyo and at 12 other congressmen.
The amended bill stipulates a start up fund of P10-B for the Coconut Industry and reduced the membership of the Philippine Coconut Authority (PCA) Board from 16 to 11.
At least P5-billion from the Coco Levy Fund will be released every year for coconut development programs.
The committee report will be submitted to the House Plenary before Congress adjourns.
Speaker Arroyo said she will ensure that the House Bill will be approved and transmitted to the Senate before Congress adjourns.
President Rody Duterte earlier vetoed the first version of the Coco Levy Bill saying that it did not contain enough safeguards to ensure that the funds will really benefit the farmers.
More Stories
Breadfruit Grows Fast In My Dreamed Food Forest!
From The Town Of Hornbills To The City Of Fruits & Highland Springs!
After A Learning Tour,