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Implementing Rules and Regulations of R.A. No. 6957

IMPLEMENTING RULES AND REGULATIONS OF R.A. NO. 6957, "AN ACT AUTHORIZING THE FINANCING, CONSTRUCTION, OPERATION AND MAINTENANCE OF INFRASTRUCTURE PROJECTS BY THE PRIVATE SECTOR AND FOR OTHER PURPOSES", AS AMENDED BY R.A. NO. 7718

Republic Act No. 6957 - IRR | 1999-03-24

March 1999

IMPLEMENTING RULES AND REGULATIONS OF R.A. NO. 6957, "AN ACT AUTHORIZING THE FINANCING, CONSTRUCTION, OPERATION AND MAINTENANCE OF INFRASTRUCTURE PROJECTS BY THE PRIVATE SECTOR AND FOR OTHER PURPOSES", AS AMENDED BY R.A. NO. 7718
 
Introduction

Pursuant to Section 11 of R.A. No. 6957, as amended by R.A. No. 7718, the following Implementing Rules and Regulations are hereby prescribed to carry out the provisions of said Act. 
 
RULE 1
Preliminary Provisions

SECTION 1.1 Policy. — It is the policy of the State to encourage the private sector as the nation's main engine for growth and development to engage...