Franchise duration and tax obligations
- Section 2 renews the grantee’s franchise under Republic Act No. 4161, as amended by Republic Act No. 5048, for an additional twenty-five (25) years from the date of effectivity of Republic Act No. 6970.
- Section 2 requires that, notwithstanding any contrary provision in Republic Act No. 4161, as amended by Republic Act No. 5048, the grantee shall pay franchise, income and other taxes as provided for in Executive Order No. 72.
Compliance with democratization mandate
- Section 3 requires the grantee to comply with the constitutional mandate to implement the enabling law on the democratization of ownership of all public utilities.
Incorporation of existing franchise terms
- Section 4 makes all other provisions, terms, and conditions in Republic Act No. 4161, as amended by Republic Act No. 5048, which are not affected by Republic Act No. 6970, integral parts of Republic Act No. 6970.
Congressional power to amend, alter, repeal
- Section 5 provides that the franchise granted is subject to amendment, alteration, or repeal by the Congress of the Philippines when the common good so requires.
Annual sworn operational reporting
- Section 6 requires the grantee to submit an annual report under oath of its operations to the Congress of the Republic of the Philippines.
Publication and effectivity timing
- Section 7 provides that Republic Act No. 6970 takes effect fifteen (15) days after publication in at least two (2) newspapers of general circulation.
Law identity and effectiveness date
- Republic Act No. 6970 is titled “PT&T Franchise Extension Act.”
- Republic Act No. 6970 is dated November 15, 1990 and is approved on that date.
- Republic Act No. 6970 takes effect under Section 7 only after the publication requirement is met.