Title
Lien of P1.00/Lkg. for PASUDECO Sugar Fund
Law
Sra Sugar Order No. 4 Series Of 1991-92
Decision Date
Dec 18, 1991
The Sugar Regulatory Administration authorizes a lien of P1.00 per kilogram bag of sugar produced in the PASUDECO Mill District to fund research and development initiatives, as resolved by the Mill District Development Committee.
A

Q&A (SRA SUGAR ORDER NO. 4 SERIES OF 1991-92)

A Mill District Development Committee was created in the PASUDECO Mill District pursuant to Sugar Order No. 8, Series of 1990-1991.

The PASUDECO Mill District Development Committee was created on November 19, 1991.

The P1.00 per 50-kilogram bag levy is to be collected as a Research and Development Fund for the PASUDECO Mill District Development Committee.

The mill companies concerned are authorized by the SRA to lien on the quedan of sugar producers in the PASUDECO Mill District.

A 'quedan' is a warehouse receipt or document evidencing the delivery of sugar to the mill, serving as security or collateral for the sugar produced.

An amount of P1.00 per 50-kilogram bag of sugar produced is to be charged.

The lien took effect starting crop year 1991-1992.

The mill share refers to the portion of sugar production legally owned by the mill, which is also subject to the P1.00 per bag lien.

The remittances are to be credited to the account of the PASUDECO Mill District Development Committee.


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