HB 4315

An Act Establishing the Special Environmental and Rehabilitation Fund (Serf) Through Revenues Derived Fron Large-Scale Mining Operations of Mining Companies and Requiring for Such Purpose the One-Time Retention of Twenty Percent (20%) of Operating Capital Prior to Commencement of Mining Operations and the Annual Retention of Thirty Percent (30%) of Profits from Said Companies in Local Banks or Financial Institutions Owned and Managed by the Government of the Republic of the Philippines, Providing the Necessary Mechanisms for Its Implementation and for Other Purposes