Republic Acts1 min read
Section 5Sec./Art. 5
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Regular Reports. -The PSALM shall submit an annual projected cash flow statement and an annual actual cash flow statement of the stranded contract costs, stranded debts, and anticipated shortfalls as well as its debt payment and independent power producer contract payment schedule to the Department of Energy (DOE), Energy Regulatory Commission (ERC), Department of Finance (DOF), DBM, and the JCEC: Provided, That the submission of the annual projected cash flow statement shall be on or before June 30 of the preceding year and that of the annual actual cash flow-statement shall be on or before June 30 of the succeeding year. The PSALM shall regularly coordinate with the DOE, DOF, and the DBM to ensure consistent recordkeeping of disbursements from the Malampaya fund.
The PSALM shall make all reports available to the public through its website.
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