Republic Acts1 min read
Section 17March 3, 1995, Sec./Art. 17
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Royalty Payments for Indigenous Cultural Communities
In the event of an agreement with an indigenous cultural community pursuant to the preceding section, the royalty payment, upon utilization of the minerals shall be agreed upon by the parties. The said royalty shall form part of a trust fund for the socioeconomic well-being of the indigenous cultural community.
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