Section 1
SECTION 1. Section 3, paragraph (2) of Republic Act No. 8762 is hereby deleted, and replaced with a new paragraph (2), to read as follows: “SEC. 3. Definition. – As used in this Act: “x x x “(2) ‘Minimum investment per store’ shall include the value of the gross assets, tangible or intangible, including but not limited to buildings, leaseholds, furniture, equipment, inventory, and common use investments and facilities such as administrative offices, warehouses, preparation or storage facilities, as reflected in the financial statements following the accounting standards adopted by the Securities and Exchange Commission (SEC) or the Department of Trade and Industry (DTI), whichever is applicable, shall be pro-rated among the number of stores being served. The paid-up capital may be used to purchase assets for purpose of complying with the investment requirement per store.”