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| REPUBLIC ACT NO. 1159 - AN
ACT TO AUTHORIZE THE PHILIPPINE CHARITY SWEEPSTAKES OFFICE TO HOLD ONE
SPECIAL SWEEPSTAKE RACE FOR THE BUREAU OF PUBLIC SCHOOLS ATHLETIC
PROGRAM AS BENEFICIARY |
| Section 1. The
Philippine Charity Sweepstakes Office shall hold in the year nineteen
hundred and fifty-four one special sweepstake horse race the net
proceeds of which shall, after deducting the payment of the prizes and
expenses as provided in Act Numbered Forty-one hundred and thirty, as
amended by Commonwealth Act Numbered Five hundred and forty-six, be
turned over to the Director of the Bureau of Public Schools, Manila,
for the support of its yearly physical education program including the
national interscholastic athletic meet, all expenses therefor to be
subject to budgeting and auditing regulations. In said special
sweepstake horse race, the prizes for the three winning horses shall be
in direct proportion, respectively, to the three main prizes for
winning tickets and shall be ten per cent thereof, but in not case
shall the total amount of the prizes for winning horses exceed fifty
thousand pesos. Section 2. This Act shall take effect upon its approval. Approved: June 17, 1954 |
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