REPUBLIC ACT NO. 3468 - AN ACT TO
ASSIST THE VICTIMS OF CALAMITIES BY APPROPRIATING ELEVEN MILLION PESOS
FOR RELIEF AND PROCURING LOANS FOR RESTRICTION, AND OTHER PURPOSES
Section 1. The sum of eleven million pesos is hereby
appropriated out of any funds in the National Treasury not otherwise
appropriated for aid to, and for the relief rehabilitation of, people
and areas damaged by public calamities, such as typhoons, earthquakes,
volcanic eruptions, floods, fires, epidemics and the like which
occurred during the fiscal year nineteen hundred sixty-two and those
which may occur in succeeding fiscal years, which shall be expended in
such manner as the President of the Philippines may determine:
Provided, however, That the amount of five million pesos hereof shall
be also used to repair and/or reconstruct typhoon damages on public
works on the basis of the reported, recorded and recommended typhoon
damages in the Department of Public Works and Communications for the
fiscal year nineteen hundred sixty to nineteen hundred sixty-one,
hereinbelow itemized:
Highways P2,800,000.00
Public buildings 1,500,000.00
Irrigation 200,000.00
Portworks and others 500,000.00
____________
Total P5,000,000.00
Provided further, That the release of funds herein appropriated shall
be pro rata and simultaneously to all areas damages by public
calamities for the different repair and/or reconstruction projects
herein itemized: And, provided, finally, That no portion of the amount
herein appropriated shall be utilized for new construction, but only
for purposes of restoration, repair and reconstruction as herein
provided.
Sec. 2. Aside from the expenditures of the amount
herein appropriated, the President of the Philippines shall arrange
with public credit institutions and/or private banks only to facilitate
the extension of long-term loans to victims of calamities for the
reconstruction of their destroyed dwellings and the acquisition of
their lost implements and tools needed in their occupation or
calling.
Sec. 3. This Act shall take effect upon its approval.
Approved: June 16, 1962.
|