All institutions that pay a water use fee (Decree No. 32868-MINAET)
can sign agreements with FONAFIFO to fund the Payment for Environmental
Services (PES) program in geographic areas of interest to them as set
forth in Article 19 of the Decree. (…) In order to comply with the
terms of this stipulation, interested public institutions or private
companies must submit the corresponding request for payment to the
Water Department every year in June. Payment shall be applicable
during the subsequent period. A certificate issued by FONAFIFO
indicating the agreed-upon annual amount and term of investment
must be attached. Compliance with Article 14 of this Decree shall be necessary for approval.
The legal framework authorizes differentiated PES payments:
Agreement signed by the Parties.
Reports as set forth in the agreement.
As required by the Water Department, a document
issued by the Accounting Department certifying payments made.
PES Program application platform; PES agreement supervision and
control; investment traceability; and fulfilment of monitoring
obligations set forth in the agreement.