PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
COMMONWEALTH ACTS
| COMMONWEALTH ACT NO. 718 - AN ACT APPROPRIATING THE SUM OF TWO MILLION NINE HUNDRED FORTY-ONE THOUSAND PESOS FROM THE COCONUT OIL EXCISE TAX FUND COLLECTED ON AND AFTER JANUARY FIRST, NINETEEN HUNDRED AND THIRTY-NINE FOR CERTAIN ACTIVITIES UNDER THE DEPARTMENT OF AGRICULTURE AND COMMERCE FOR THE FISCAL YEAR ENDING JUNE THIRTIETH, NINETEEN HUNDRED AND FORTY-SIX |
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Section
1. The following sums, or so much thereof as may be necessary, are
appropriated for the Department of Agriculture and Commerce, out of the
collections that accrued and shall accrue to the Coconut Oil Excise Tax
Fund in the Philippines Treasury on and after January first, nineteen
hundred and thirty-nine, for the purposes hereunder specified, for the
fiscal year ending June thirtieth, nineteen hundred and
forty-six: (a)
Appropriation to continue the agronomical
survey of the Philippines in accordance with the provisions of Commonwealth Act No. 418 P168,800.00 (b) Appropriation for the establishment, improvement, development, maintenance, and operation of agricultural experiment and demonstration stations under the provisions of section 1754 of the Administrative Code 400,000.00 (c) Appropriation to continue the reforestation and afforestation of watersheds, denuded areas, and cogon or open lands within forest reserves, communal forests, National Parks, and timberlands, sand dunes, and such other areas already certified as public forest lands, in accordance with the provisions of Commonwealth Act No. 304 540,000.00 (d) Appropriation to continue the classification, survey and subdivision of agricultural lands of the public domain especially those lying along the National highways, the sum of P170,000 to be spent by the Bureau of Forestry in accordance with Commonwealth Act No. 627 and the sum of P1,180,000 to be spent by the Bureau of Lands in accordance with the said Commonwealth Act 627 and Commonwealth Act 630 P1,350,000.00 (e) For the organization, maintenance and operation of a School of Fisheries under the Division of Fisheries 333,000.00 (f) For the creation of a special fund to be known as the "Cinchona Plantation Revolving Fund" for the establishment, cultivation, development, maintenance, and operation of cinchona plantations in public forest lands to be administered by the Bureau of Forestry 150,000.00 Section2. So much of the funds herein appropriated as may be covered by the excess in the sums appropriated in the General Appropriation Law for the fiscal year ending June thirtieth, nineteen hundred and forty-six, from the Coconut Oil Excise Tax Fund shall not be released unless and until the Secretary of Finance and the Auditor General shall have certified that there are existing and available amounts from the latter fund. Section3. This Act shall take effect upon its approval. |
Since 19.07.98.
