PHILIPPINE LAWS, STATUTES & CODES
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ACT NO. 9007
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AN ACT APPROPRIATING THE SUM OF
TWO BILLION FOUR HUNDRED FIFTY MILLION TWO HUNDRED SIXTY-EIGHT THOUSAND
PESOS (P2,450,268,000.00) TO FUND THE HOLDING OF THE NATIONAL AND LOCAL
ELECTIONS IN 2001 AND FOR OTHER PURPOSES.
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Sec. 2. Release and Use of Funds. — The amount shall be released to the Commission on Elections (COMELEC) and shall be used for the purpose intended in accordance with the existing accounting and auditing rules and regulations. Sec. 3. Effectivity. — This Act shall take effect
beginning January 1, 2001. Approved: February 21, 2001.
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