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PRESIDENTIAL DECREE NO. 365
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PRESIDENTIAL DECREE NO. 365 -
AMENDING SectionS 10 (c) AND 13 OF PRESIDENTIAL DECREE NO. 6-A
(EDUCATIONAL DEVELOPMENT DECREE OF 1972) DATED SEPTEMBER 29, 1972,
AUTHORIZING THE EXTENSION OF ACCRUALS TO THE SPECIAL SCIENCE FUND
CREATED UNDER REPUBLIC ACT NO. 5448, AS AMENDED, AND FOR OTHER PURPOSES
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WHEREAS,
the sustained promotion of science and technology is vital to achieving
economic and social development; and
WHEREAS, the pursuit and support of scientific goals on a national
scale calls for adequate and steady funding of scientific and
technological programs, projects and activities of the
Government; chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution as
Commander-in-Chief of all Armed Forces of the Philippines, and pursuant
to Proclamation No. 1081, dated September 21, 1972, and General Order
No. 1, dated September 22, 1972, do hereby decree and order into law
the following:cralaw:red
Section 1. Section 10(c) of Presidential Decree No.
6-A dated September 29, 1972, is hereby amended to read as
follows: chanroblesvirtualawlibrary
"(c) ten million pesos (P10,000,000) from the Special
Science Fund for Fiscal Year 1972-1973, and ten million pesos
(P10,000,000), annually thereafter until June 30, 1982, of the total
annual receipts from the taxes provided for under Republic Act Numbered
Fifty-four forty-eight, as provided in Section 13 hereof;chanroblesvirtualawlibrary
Section 2. Section 13 of the same Decree is hereby
amended to read as follows:cralaw:red
"Sec. 13. Portion of Special Science Fund. — Any
provision of law to the contrary notwithstanding, effective upon
approval of this Decree, ten million pesos (P10,000,000) of the Special
Science Fund established under Republic Act Numbered Fifty-four hundred
and forty-eight, as amended, is hereby transferred to the Educational
Special Account herein provided. Starting July 1, 1973, until June 30,
1982. Ten million pesos (P10,000,000) of the total annual collection
from the taxes imposed under Republic Act Numbered Fifty-four hundred
and forty-eight, as amended, shall accrue to the Educational Special
Account. chanroblesvirtualawlibrary
Section 3. Except as provided in Sections 10(c) and
13 of said Presidential Decree No. 6-A, as hereby amended, the total
annual collection from the taxes imposed under Republic Act Numbered
5448, as amended, shall continue until June 30, 1982, and expended by
the National Science Development Board in pursuance of the objectives
of said Act.
Section 4. This Decree shall take effect immediately.
Done in the City of Manila,
this 3rd day of January, in the year of Our Lord, nineteen hundred and
seventy-four.
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