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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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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 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. 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. 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. 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. 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. 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. Approved: March 30, 1992 |
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