Section 2December 30, 1996, Sec./Art. 2

Subsection 4.3.1 of Section 4 of the same Act is hereby amended to read as follows:

"4.3.1. One hundred thousand pesos (P100,000.00) upon filing of the registration forms with the bank plus fifty thousand pesos (P50,000.00) per year over a three-year period from the payment of the first installment. The subsequent three (3) installment payments should be paid within twelve (12) months from the date of the first payment without any extensions. The integration fees paid by aliens granted legal residence under Executive Order No. 324 who registered anew under the provisions of this Act shall be refunded.

"In lieu of the above installment payments, the applicant may immediately pay Two hundred thousand pesos (P200,000.00)."