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strips of land along the edges of rivers and streams and shorelines
of lakes and the seas within or abutting the autonomous region.
The Regional Government shall adopt measures for the
development of lands eighteen percent (18%) in slope or over by
providing infrastructure, financial and technical support to upland
communities specially the lumads or tribal peoples.
The Regional Government shall also adopt measures to
employ the people who may be displaced by the cancellation or
revocation of timber concessions, licenses, contracts, or agreements
mentioned in paragraph above.
SEC. 15. Prohibition Against Toxic or Hazardous
Substances. – The Regional Government shall prohibit the use,
importation, deposit, disposal, and dumping of toxic or hazardous
substances within the autonomous region.
SEC. 16. Business Ownership. – The Regional Government
shall adopt policies to promote profit sharing and broaden the
base of ownership of business enterprises.
SEC. 17. Incentives, Tax Rebates and Holidays. – The
Regional Assembly may by law, and with the approval of the
absolute majority of all its members, grant incentives, including
tax rebates and holidays, for investors in businesses that contribute
to the development of the autonomous region. It may provide
similar incentives to companies doing business in the autonomous
region which reinvest at least fifty percent (50%) of their net
profits therein, and to cooperatives which reinvest at least ten
percent (10%) of their surplus into socially-oriented projects in
the autonomous region.
SEC. 18. Transport and Communication Facilities,
Priority Projects. – The Regional Government shall give priority
to the establishment of transportation and communication
facilities to expedite the economic development of the autonomous
region.
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