Section 3Sec./Art. 3

Definition of Terms. - As used in this Act:

(a) Coconut Farmer shall refer to:

(1) An owner of a coconut farm that is not more than five (5) hectares who:

(i) Tills the land (owner-cultivation); or

(ii) Does not till the land, but has control and supervision over the cultivation of the coconut farm which is not more than five (5) hectares;

(2) An leaseholder with not more than five (5) hectares or tenant who tills or supervise the cultivation of the coconut farm; or

(3) A farm worker or laborer, whether seasonal or itinerant, engaged in the harvesting of the nuts and processing of copra as a major means of livelihood;

(b) Coconut Levy Assets shall refer to any and all kinds of property, whether real or personal, tangible or intangible, wherever situated, which have been acquired through the Coconut Levy Funds as defined in this section, including those assets that may be recovered in favor of the government, as well as the fruits or income therefrom, including those acquired in exchange or substitution thereof. These shall include among others, the following:

(i) The shares of stock in United Coconut Planters Bank (UCPB) that were determined to be owned by the government;

(ii) The CIIF-Oil Mills Group, which refers to the CIIF companies, namely: Southern Luzon Coconut Oil Mills; Cagayan de Oro Oil Co., Inc.; Iligan Coconut Industries, Inc.; San Pablo Manufacturing Corp.; Graneexport Manufacturing Corp.; and Legaspi Oil Co., Inc.;

(iii) The CIIF Holdings Companies, which refer to the fourteen (14) holdings companies, namely: Anglo Ventures Corporation; ACS Investors, Inc.; Arc Investors, Inc.; AP Holdings, Inc.; Fernandez Holdings, Inc.; First Meridian Development, Inc.; Randy Allied Ventures, Inc.; Rock Steel Resources, Inc.; Roxas Shares, Inc.; SMC Officers Corps, Inc.; Soriano Shares, Inc.; Te Deum Resources, Inc.; Toda Holdings, Inc.; and Valhalla Properties Limited, Inc.; and

(iv) The Converted San Miguel Corporation (SMC) Series 1 Preferred Shares, which refers to the 758,848,312 preferred shares of stock in SMC declared owned by the government, together with all the dividends declared, paid, or issued thereon, as well as any increments thereto arising from, but not limited to, the exercise of pre-emptive rights;

(c) Coconut Levy Funds shall refer to various funds generated from levies, taxes, charges, and other fees exacted or imposed pursuant to or in connection with the sale of copra rececada or its equivalent in other coconut products, and collected for the most part from coconut farmers, planters, millers, refiners, processors, exporters, desiccators, and other end-user of copra rececada or its equivalent in other coconut products. Specifically, the term shall refer to any or all of the following:

(i) The Coconut Investment Fund created under Republic Act No. 6260;

(ii) The Coconut Consumers Stabilization Fund, later renamed as the Coconut Industry Stabilization Fund, created under Presidential Decree No. 276;

(iii) The Coconut Industry Development Fund created under Presidential Decree No. 582;

(iv) The Coconut Industry Investment Fund created under Presidential Decree No. 1468; and

(v) The Coconut Reserve Fund under Presidential Decree No. 1468 and Presidential Decree No. 1842.

(d) Designated Disposition Entity (DDE) refers to the Privatization Management Office (PMO), Land Bank of the Philippines (LBP), Development Bank of mthe Philippines (DBP), Social Security System (SSS), Government Service Insurance System (GSIS) which, at the time of the enactment of this Act, are one hundred percent (100%) owned by the govenrment.

II

COCONUT FARMERS AND INDUSTRY DEVELOPMENT PLAN