Millions to benefit from coco trust fund – Bong Go

SEN. Christopher Lawrence “Bong” Go is optimistic that the enactment of the Coco Levy Trust Fund Act will benefit millions of farmers and modernize the coconut industry.

President Rodrigo Duterte signed on February 26 Republic Act (RA) 11524 or the Coconut Farmers and Industry Trust Fund Act, which mandates the Bureau of Treasury to transmit P10 billion to the coco levy trust fund on the first year of its implementation; P10 billion on the second year; P15 billion on the third year; P15 billion on the fourth year and P25 billion on the fifth year.