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This page features the full text of
Republic Act No. 7323
AN
ACT TO HELP POOR BUT DESERVING STUDENTS PURSUE THEIR EDUCATION BY
ENCOURAGING
THEIR EMPLOYMENT DURING SUMMER AND/OR CHRISTMAS VACATIONS, THROUGH
INCENTIVES
GRANTED TO EMPLOYERS, ALLOWING THEM TO PAY ONLY SIXTY PER CENTUM OF
THEIR
SALARIES OR WAGES AND THE FORTY PER CENTUM THROUGH EDUCATION VOUCHERS
TO
BE PAID BY THE GOVERNMENT, PROHIBITING AND PENALIZING THE FILING OF
FRAUDULENT
OR FICTITIOUS CLAIMS, AND FOR OTHER PURPOSES.
REPUBLIC
ACT NO. 7323AN
ACT TO HELP POOR BUT DESERVING STUDENTS PURSUE THEIR EDUCATION BY
ENCOURAGING
THEIR EMPLOYMENT DURING SUMMER AND/OR CHRISTMAS VACATIONS, THROUGH
INCENTIVES
GRANTED TO EMPLOYERS, ALLOWING THEM TO PAY ONLY SIXTY PER CENTUM OF
THEIR
SALARIES OR WAGES AND THE FORTY PER CENTUM THROUGH EDUCATION VOUCHERS
TO
BE PAID BY THE GOVERNMENT, PROHIBITING AND PENALIZING THE FILING OF
FRAUDULENT
OR FICTITIOUS CLAIMS, AND FOR OTHER PURPOSES.
Section
1. Any provision of law to the
contrary notwithstanding, any person or entity employing at least fifty
(50) persons may during the summer and/or Christmas vacation employ
poor
but deserving students fifteen (15) years of age but not more than the
minimum wage provided by law and other applicable labor rules and
regulations.chanrobles virtuallaw libraryred
For
purposes of this Act, poor but deserving students refer to those whose
parent's combined incomes, together with their income, if any, do not
exceed
Thirty six thousand pesos (P36,000) per annum. Employment should be at
the Labor Exchange Center of the Department of Labor and Employment
(DOLE).chanrobles virtuallaw libraryred
Sec.
2. Sixty per centum (60%) of
said salary or wage shall be paid by the employer in cash and forty per
centum (40%) by the Government in the form of a voucher which shall be
applicable in the payment for his tuition fees and books in any
educational
institution for secondary, tertiary, vocational or technological
education.
The amount of the education voucher shall be paid by the Government to
the educational institution concerned within thirty (30) days from its
presentation to the officer or agency designated by the Secretary of
Finance.
The
voucher shall not be transferable except when the payee thereof dies or
for a justifiable cause stops in his duties in which case it can be
transferred
to his brothers or sisters. If there be none, the amount thereof shall
be paid his heirs or to the payee himself, as the case may be.
Sec.
3. The Secretary of Labor and
Employment, the Secretary of Education, Culture and Sports and the
Secretary
of Finance shall issue the corresponding rules and regulations to carry
out the purposes of this Act.chanrobles virtuallaw libraryred
The
Secretary of Labor and Employment shall be the Project Director of this
program.
Sec.
4. Any person or entity who shall
make any fraudulent of fictitious claim under this Act, regardless of
whether
payment has been made, shall upon conviction be punished with
imprisonment
of not less than six (6) months and not more than one (1) year and a
fine
of not less than Ten thousand pesos (P10,000), without prejudice to
their
prosecution and punishment for any other offenses punishable under the
Revised Penal Code or any other penal statute.
In
case of partnerships or corporations, the managing partner, general
manager,
or chief executive officer, as the case may be, shall be criminally
liable.chanrobles virtuallaw libraryred
Sec.
5. The amount necessary to carry
out the purposes of this Act is hereby authorized to be appropriated in
the General Appropriations Act for 1992 and the subsequent annual
general
appropriations acts.chanrobles virtuallaw libraryred
Sec.
6. This Act shall take effect
after its publication in the Official Gazette or in at least two (2)
national
newspapers of general circulation.chanrobles virtuallaw libraryred
Approved:
March 30, 1992
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