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Commonwealth Act No. 718

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COMMONWEALTH ACT NO. 718

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

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 630P1,350,000.00

(e) For the organization, maintenance and
operation of a School of Fisheries
under the Division of Fisheries333,000.00

(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.
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Since 19.07.98.




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