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AN ACT TO AMEND SECTION ONE OF ACT
NUMBERED THIRTY-FIVE HUNDRED, AS AMENDED
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"Sec.
1. The sum of ten million pesos is hereby
appropriated out of any funds in the National Treasury not otherwise
appropriated, to constitute a revolving fund for the construction of
permanent bridges on national or provincial roads in the Philippines,
which shall be expended under the supervision of the Secretary of
Public Works and Communications. Said bridges shall be declared toll
bridges for a period not exceeding twenty years. Tolls shall be
collected from all traffic using such bridges in accordance with rates
to be fixed by a board composed of the Secretary of Public Works and
Communications, as chairman, the Secretary of Finance, and the
Secretary of the Interior, as members: Provided, however, That no toll
charges shall be collected from pedestrians, whether alone or
accompanying animals, or any person mounted on bicycle or an animal
drawn vehicle.
The fund herein appropriated shall not be released unless and until the Secretary of Finance and the Auditor General shall have certified to the President that there are existing and available funds in the National Treasury in excess of the sums appropriated in the general appropriation law for the fiscal year ending June thirty, nineteen hundred and forty-eight, and the priority appropriations established by law: Provided, That the President may order the release in full or in installments of the funds herein authorized as the Secretary of Finance and the Auditor General may certify to their existence and availability." Sec. 2. This Act shall take effect upon its approval. Approved: June 14, 1947.
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Since 19.07.98.
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