(NAR) VOL. 10 NO. 3 / JULY - SEPTEMBER 1999
“Applications involving projects with high social impact shall not be subject to the auction system. Instead, decisions shall be made by the Monetary Board on a case-by-case basis. Out of the total amount to be auctioned, a maximum of 10% of said amount shall be allocated for this type of projects. However, the percentage may be adjusted as the Monetary Board, may determine. Unless otherwise prescribed by the Monetary Board, the redemption price shall be equivalent to the weighted average of the accepted bid prices in the immediately preceding auction plus ten (10) percentage points.”Adopted: 30 Jan. 1992