Lien of P1.00/Lkg. for PASUDECO Sugar Fund

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SRA SUGAR ORDER NO. 4 SERIES OF 1991-92: Lien of P1.00/Lkg. for PASUDECO Sugar Fund

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Title Supreme Court: 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

Purpose of the Collection and Rate Imposed

The committee adopted a resolution to collect P1.00 for every liter-kilogram (Lkg) bag of sugar produced.
This collection shall constitute the Research and Development Fund of the Committee, aimed at sustaining industry development.

Authorization of Liens on Quedan

The Sugar Regulatory Administration (SRA) was requested to place a lien on the quedan of sugar producers within the PASUDECO Mill District.
The lien covers the amount of P1.00 per Lkg bag including the mill share.
The lien enables the mills to deduct this amount from the producers’ sugar inventory or financial claims (quedan).

Effective Date and Remittance

The lien is effective starting with the crop year 1991-1992.
The mills are tasked to remit the collected amount to the committee for the account and credit of the PASUDECO Mill District Development Committee.

Legal Authority and Industry Impact

The Sugar Regulatory Administration exercises its vested powers to enforce this lien.
This measure is intended to benefit the sugar industry by ensuring a dedicated fund for research and development within the district.

Official Adoption and Authority

The order was adopted on December 18, 1991.
It was issued and signed by Arsenio B. Yulo, Jr., Administrator of the Sugar Regulatory Administration.

END