Presidential Decree No. 1447 (PD 1447) — Instituting a Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by the Philippine Tourism Authority
WHEREAS, the Philippine Tourism Authority (PTA) has been
created as the government's implementing arm in integrating activities and
services related to tourism development; and
WHEREAS, there is a need to transform it into a more
effective instrument geared towards the development of the various tourism
infrastructure projects in the country;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Republic of the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby order as follows:
SECTION 1. All funds earmarked for or administered by the
PTA pursuant to P.D. No. 189, as amended by P.D. No. 564 collected by the
Philippine Tourism Authority and/or other government agencies shall be remitted
to the National Treasury on a quarterly basis.
SEC. 2. The proceed of all collections pursuant to Section 1
hereof, shall be utilized exclusively for the operations and projects of the
Philippine Tourism Authority and shall be released automatically by the National
Treasury upon approval by the PTA Board of its budgetary requirements, as an
exception to P.D. No. 1234 and the budgetary processes provided in P.D. No.
1177: Provided, That fund releases for expenditures on capital outlays
and special undertakings shall be subject to specific approval by the
President.
SEC. 3. Executive Order No. 499, s.1978, is hereby repealed
and all provisions of laws, decrees, executive orders, letters of instructions
or portions thereof contrary to the provisions of this Decree are hereby amended
or modified accordingly.
SEC. 4. This Decree shall take effect immediately.
Done in the City of Manila, this 11th day of June, in the year of Our Lord,
nineteen hundred and seventy-eight.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JACOBO C. CLAVE
Presidential Executive
Assistant
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
