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| REPUBLIC ACT NO. 473 - AN
ACT TO PROVIDE FOR THE DEVELOPMENT AND IMPROVEMENT OF THE ROAD SYSTEM
IN MINDANAO AND SULU |
| Section 1. The
sums apportioned to the several provinces and chartered cities in
Mindanao and to the Province of Sulu from the special fund in the
National Treasury for the maintenance, reconstruction, improvement, and
construction of roads, streets, and bridges as provided in section
three hundred sixty-one of the National Internal Revenue Code, as
amended, and the sums allotted to the said provinces and chartered
cities in Mindanao and to the Province of Sulu from the special fund in
the said Treasury for the construction and maintenance of roads,
streets, and bridges as provided in section seventy-three of the
Revised Motor Vehicle Law, as amended, are hereby constituted into a
special fund to be known as the "Road System Fund of Mindanao and
Sulu." Section 2. Such sums as may hereafter be appropriated from the general fund of the National Treasury for improvement, reconstruction and construction of roads and bridges in Mindanao and Sulu shall likewise accrue into the aforesaid special fund. Section 3. The President of the Philippines, upon the recommendation of the Secretary of Public Works and Communications, shall prepare and adopt or cause to be prepared or adopted a master plan or program for the improvement and reconstruction of existing roads and bridges and the construction of new roads and bridges in Mindanao and Sulu, which will, in accordance with present and future needs, best promote the economic development of the said region, and the President is authorized to allocate moneys from the "Road System Fund of Mindanao and Sulu" to carry out such program. Section 4. Nothing contained in this Act shall be construed as authorizing the President to allocate for construction any amount from the special fund that will be needed for the maintenance of existing unabandoned roads and bridges in each province and city in Mindanao and Sulu based on actual requirements as recommended by the Director of Public Works. Section 5. Sections three hundred sixty-one of the National Internal Revenue Code and seventy-three of the Revised Motor Vehicle Law, both as amended, are hereby amended accordingly. Section 6. This Act shall take effect upon its approval and shall continue in operation until otherwise provided by law, but not beyond June 30, 1954. Approved: June 9, 1950 |
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