1.1 To prescribe the rules, guidelines and procedures in the implementation of Section 6 of the General Provisions in RA 9206, FY 2003 General Appropriations Act (GAA) entitled "Receipts Arising from Build-Operate-Transfer Transactions and Its Variant Schemes".
"Sec.6. Receipts Arising from Build-Operate-Transfer Transaction and its Variant Schemes". Notwithstanding the provision of Section 5, General Provisions of this Act, receipts, such as toll fees, charges and other revenues arising from public sector projects implemented through build-operate-transfer arrangement and other variants pursuant to R.A.No.6957, as amended by R.A.7718, Collected by an office or agency of the National Government but which shall accrue to the proponent private companies or individuals in accordance with the contract entered into by said government office or agency and the projects proponent(s), shall be deposited with any authorized government depository bank and shall be utilized exclusively for the fulfillment of obligations as stipulated and prescribed under the contract: PROVIDED, that the government share out of the collections from said projects, if any, including interest earned thereon, shall accrue to the General Fund and shall be remitted to and deposited with the National Treasury.
The implementation of this Section shall be in accordance with the guidelines issued jointly by the Department of Finance (DOF), DBM, National Economic and Development Authority (NEDA) and the Coordinating Council for Private Sector Participation, in coordination with the Commission on Audit (COA)"
Specifically, this circular covers cases where the project Proponent is constrained from directly collecting the fees, charges, rentals and other receipts due from the operation of the facility.
1.2 To ensure prompt and efficient remittance of receipts due to the project proponent and the Government of the Philippines (GOP) from toll fees, charges and other revenues from the use of the facility as stipulated in their respective contracts.
1.3 To provide guidelines which LGUs and GOCCs may adopt in the remittance of receipts arising from the operation of their BOT projects.