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PRESIDENTIAL DECREE NO. 728
PRESIDENTIAL DECREE NO. 728 -
FURTHER AMENDING REPUBLIC ACT NO. 3538, AS AMENDED BY REPUBLIC ACT NO.
4169 AND PRESIDENTIAL DECREE 246, BY PROVIDING FOR THE GRANT OF TAX
EXEMPTION AND OTHER PRIVILEGES TO THE INTERNATIONAL INSTITUTE OF RURAL
RECONSTRUCTION
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WHEREAS,
the International Institute of Rural Reconstruction, a non-profit,
non-stock organization with headquarters in New York, is engaged in a
program of job training to increase economic productivity, education to
eliminate illiteracy, the improvement of health and environmental
sanitation, and the training of the rural people in the assumption of
civil responsibility; chanroblesvirtualawlibrary
WHEREAS, the extension of the International Institute of Rural
Reconstruction activities to the Philippines has enhanced the social
well-being and economic stability of the country and its people
consistent with the existing policies of the Republic;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers in me vested by the Constitution, do hereby
decree and order that:cralaw:red
Section 1. Section one of Republic Act No. 3538 as
amended, is hereby further amended to include the International
Institute of Rural Reconstruction of New York as recipient of the
exemptions and privileges provided in the said section. chanroblesvirtualawlibrary
Section 2. Section 2 of the same Act is hereby
amended to include non-Filipino citizens serving on the staff of the
International Institute of Rural Reconstruction as beneficiaries of the
exemptions and privileges provided in said section.
Section 3. All laws, decrees, orders and regulations
inconsistent with the provisions of this decree are hereby
repealed or modified accordingly. chanroblesvirtualawlibrary
Section 4. This Decree shall take effect immediately.
Done in the City of Manila,
this 5th day of June, in the year of Our Lord, nineteen hundred and
seventy-five.
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