AN ACT PROVIDING FOR A BONUS FOR PUBLIC SCHOOL TEACHERS AND OTHER LOW-SALARIED EMPLOYEES EMBRACED IN GRADES 10-7 OF THE SALARY SCALE AND SETTING ASIDE THE NECESSARY AMOUNT FOR THE PURPOSE.

• Number: Commonwealth Act No. 714
• Sections: 5

Section 1

SECTION 1. A monthly bonus in addition to their basic salaries shall be given to public school teachers and other low-salaried employees embraced in Grades 10-7 of the present scale of salaries, as follows:

(a) For rates in Grades 10, 9, and 8:P30.

(b) For rates in Grade 7: P25 for rate P80; P15 for rate P90; P5 for rate P100: Provided, however, That a teacher or employee in this grade receiving salary other than any of the said rates shall be given a monthly compensation of P105, including bonus.

Section 2

SEC. 2. No teacher or employee in any grade shall receive a salary, including bonus, less than the salary, including bonus of another teacher or employee in the next preceeding grade.

Section 3

SEC. 3. To carry out the purpose of this Act there is hereby appropriated sixteen million seven hundred thousand pesos out of any funds in the National Treasury not otherwise appropriated or such part thereof as may be necessary to carry out the provisions of this Act until the termination of the current fiscal year ending on June thirty, nineteen hundred and forty-six: Provided, however, That any savings in salaries and wages of the Department concerned may be used to supplement the amount herein appropriated.

Section 4

SEC. 4 The funds herein appropriated shall not be released unless and until the Secretary of Finance and the Auditor General shall have certified to the President that there are existing and available funds in the National Treasury in excess of the sums appropriated in the General Appropriation Law for the fiscal year ending June thirty, nineteen hundred and forty-six, and the priority appropriations established by law: Provided, That the President may order the release in full or in installments of the funds herein authorized as the Secretary of Finance and the Auditor General may certify to their existence and availability.

Section 5

SEC. 5. This Act shall take effect on October first, nineteen hundred and forty-five.

Approved, November 1, 1945.