Trust fund for proposed water agency pushed | Jovee Marie de la Cruz

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Trust fund for proposed water agency pushed | Jovee Marie de la Cruz
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Lawmakers are pushing for the creation of a trust fund under the Department of Water Resources (DWR) to finance water sustainability projects in the country.

Lawmakers are pushing for the creation of a trust fund under the Department of Water Resources to finance water sustainability projects in the country.

Duterte said that under HB 3727, remittances from non-tax revenues related to water management, including raw water pricing, permit fees, registration fees, supervision and regulation enforcement fees, filing fees, testing fees and other service income from the use of water resources will form part of the WTF.

The bill provides that a maximum of 10 percent of the total income generated from raw water extraction shall be given as share of the concerned local government unit or indigenous people community that owns or has jurisdiction over the specific areas of land where the raw water was sourced. Improving the management of water resources covers not only its supply to consumers but also to the agriculture sector, which the government has committed to support to guarantee food security, Duterte said.

Duterte and Yap said the creation of the DWR ensures that a primary agency is on top to identify, plan, oversee and manage the efficient use of the country’s water resources.

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