3.1 The tolls, fees, charges and/or rentals to be collected by an agency arising from the operation from the BOT transactions shall be in accordance with the applicable provisions of the contract.
3.2 The Agency and the facility operator shall open an Escrow account in an AGDB under the name of the BOT project.
3.3 All collections made by the head office including its operating units shall be deposited direct to the Escrow account opened for the purpose.
3.4 The share of the Government out of the operation of the facility shall be remitted by the Agency immediately first hour the next day by instructing the AGDB to credit the corresponding amount in favor of the National Treasury.
3.5 All operating units outside of Metro Manila shall submit reports of collection and deposit made to the Escrow account to its head office. The Agency shall devise a daily reporting formal for easier reconciliation.
3.6 All interest earnings of the Escrow account shall be remitted by the AGDB to the National Treasury upon instruction of the Agency pursuant to the provision of Section 6, GAA
3.7 The Agency Head shall designate the responsible person/unit within the Agency who shall evaluate, verify and recommend payment on the submitted billing.
3.8 In case of disputes arising from ihc billing or remittance of the Facility Operator's share, the mechanism stipulated in the contract for its resolution shall be followed. Undisputed amount shall, however, continue to be remitted by the Agency to the Facility Operator.
3.9 The project proponent or the facility operator shall, as the case maybe, issue the invoice or billing statement. All payments to the facility operator shall be made through the preparation of a disbursement voucher and check.