Rental fee for use of municipal waters, rivers, etc. as log pond.
Section 16
SEC. 16. Rental fee for use of municipal waters, rivers, etc. as log pond. — Any provision of existing laws or rules to the contrary notwithstanding, the province may charge an annual rental fee for the use of municipal waters, rivers, lakes, and the like within its territorial jurisdiction as log pond at the rate not exceeding five centavos per square meter of water space occupied. Sixty percent of the proceeds of the rentals shall accrue to the province and forty percent to the municipality, or municipalities in equal shares, where the log pond is located.