Republic Acts1 min read
Section 17Sec./Art. 17
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Penalty Clause. Any grantee who fails to submit the annual report to Congress will be fined Five hundred pesos (P500.00) per working day of noncompliance. the fine will be collected by the ERC from the said delinquent franchise grantee separate from the reportorial penalties imposed by the ERC. the collected funds shall accrue to the monitoring fund of the ERC in line with its supervisory and regulatory functions. the reportorial compliance certificate issued by Congress shall be required before any application for permit or certificate is accepted by the ERC.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.