Section 21Sec./Art. 21

Reportorial Requirement. The grantee shall submit an annual report on its compliance with the terms and conditions of the franchise and on its operations to the Congress of the Philippines, through the Committee on Legislative Franchise of the House of Representatives and the Committee on Public Services of the Senate, on or before April 30 of every year during the term of its franchise.

The annual report shall include an update on the development, operation, and expansion of business; audited financial statements; latest GIS officially submitted to the SEC, if applicable; certification of the Regulatory Office on the status of its permits and operations; and an update on its dispersal of ownership required under Section 19.

The grantee shall submit to the MWSS Regulatory Office a completion plan for the establishment and operation of water, sewerage and sanitation projects covering a period until 2037 which shall include period five (5)-year completion targets with the end goal of achieving one hundred percent (100%) water, sewerage and sanitation coverage by 2037.ℒαwρhi৷ The grantee shall submit an annual progress report of its compliance with such targets to the MWSS Regulatory Office and to Congress.

The Regulatory Office shall, one (1) year from the grant of this franchise, and very five (5) years thereafter, conduct a comprehensive assessment of the grantees operations and compliance with the conditions imposed hereunder and submit a report thereof to Congress. The grantee shall transmit to the Regulatory Office all information and documents necessary to complete such assessment.