Panay Island hopes to receive portion of P10-billion supplemental calamity fund for rehab of typhoon 'Frank' devastated areas

October 11, 2009 9:49 pm 

ILOLO CITY, Oct. 12 – Presidential Assistant for Western Visayas and Bangon Panay executive director Raul Banias expressed hope to get a share of the P10-billion supplemental calamity fund for the rehabilitation of Panay Island.

PA Banias said he has already submitted his proposal to the Congress last week.

“We're trying to get a share of the P10 billion calamity fund for Panay. I've already submitted our request to Congress,” Banias said.

Until now the proposed P8-billion rehabilitation fund intended for Panay Island remains pending in the Senate Ways and Means Committee chaired by Senator Panfilo Lacson.

The proposed Simplified Net Income Taxation System (SNITS), which will be the source of fund for the proposed P8-billion fund, is also pending at the House of Representatives.

Banias said he is hoping to get a breakthrough of the SNITS bill next month.

The House Committee on Appropriations has approved the P10-billion supplemental calamity fund in a still unnumbered resolution. (PNA)

FFC/PGL/vlo

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