Pursuant to the provisions of Memorandum Circular No. 121, dated 02 Nov. 1990, issued by the Office of the President, to pertinent provisions of Executive Order No. 192, and in order to prescribed as more reasonable rate of administrative fees relative to the sustainable management and development of forest resources, DENR Administrative Order No. 18, Series of 1993, is hereby amended as follows:

œC.     Performance Bonds

3.       Other Forest Products Licensees/Permits

iii.      Other non-timber products     . . .       20% of the Forest Charges or 2% of the market value whichever is higher

D.      Service fee for:

5.       Tallying of Lumber      . . .                   P5.00/cu. m. but not lees than P100.00 

The bonds not exceeding P5,000.00 shall be posted in cash, otherwise, any amount in excess maybe in the form of surety bond, the value of which shall be increased by 25%.  The bonds shall be callable on demand by the Secretary if the licensee/permittee violates any of the conditions of the bond.

The term of the surety bond shall be 2-year term in case of TLA holders and one (1) year and six (6) months for permittees.  All surety bonds shall be renewed three (3) months prior to the expiration of the bond.

This amends DENR Administrative Order No. 18, Series of 1993, and other regulations which are inconsistent herewith.

This Order shall take effect fifteen (15) calendar days from its publication in two (2) newspapers of general circulation.

Adopted: 28 Sept. 1993

(Sgd.) ANGEL C. ALCALA
Secretary