AUTHORIZING AN ADJUSTMENT OF THE FUNDING SUPPORT OF THE PHILIPPINE COCONUT AUTHORITY AND INSTITUTING A PROCEDURE FOR THE MANAGEMENT OF SUCH FUND

• Number: Presidential Decree No. 1854
• Sections: 5

Preamble

WHEREAS, the Philippine Coconut Authority (PCA) was created

to implement and attain the declared national policy of promoting the rapid

integrated development and growth of the coconut and other palm oil industry in

all its aspects, Whereas, historically, the defunct Philippine Coconut

Administration (PHILCOA) received no regular government financial support and

had to depend on the coconut industry for its operational budget, and similarly,

the PCA ever since its creation relied mainly on its share of the CCSF

assessment/levy collections which accounts for per cent (90%) of its budgetary

requirements;

WHEREAS, the fluctuation in the world market prices of

coconut products which accounts for the impermanence of the levy necessitates

the provision of a continuing and self-sustaining funding system to support of

PCA;

WHEREAS, from the beginning, it has been the intention of

the law pursuant to Section 13, Chapter VI of Republic Act No. 1145 and Section

3(k), Article II of P.D. 1468, that PCA derive support from the coconut

industry;

WHEREAS, the authorized amount of support from the industry

has remained unchanged since 1954, and in view of the expanded functions and

responsibilities of PCA, and in view of the expanded functions and

responsibilities of PCA, public interest and welfare dictate that an immediate

adjustment of the industry support be made in order to provide this agency with

adequate financial means and resources to more effectively carry out its

task;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Republic of the Philippines, by virtue of the powers vested in me by the

Constitution and laws, hereby decree and order the following:

Section 1

SECTION 1. The PCA fee imposed and collected pursuant to the

provisions of R.A. No. 1145 and Sec. 3(k), Article II of P.D. 1468, is hereby

increased to three centavos per kilo of copra or husked nuts or their equivalent

in other coconut products delivered to and/or purchased by copra exporters, oil

millers, desiccators and other end-users of coconut products. The fee shall be

collected under such rules that PCA may promulgate, and shall be paid by said

copra exporters, oil millers, desiccators, and other end-users of coconut

products, receipt of which shall be remitted to the National Treasury on a

quarterly basis.

Section 2

SEC. 2. The receipt and proceed of all collections pursuant

to Section 1 hereof, shall be utilized exclusively for the operations of the

Philippine Coconut Authority and shall be released automatically by the National

Treasury upon approval by the PCA Governing Beard of its budgetary requirements,

as an exception to P.D. 1234 and the budgetary processes provided in

P.D. 1177, as amended.

Section 3

SEC. 3. All laws, decrees, orders, letters of instructions

rules and regulations or portions thereof contrary to the provisions of this

Decree are hereby deemed repealed or amended accordingly.

Section 4

SEC. 4. This Decree shall take effect immediately.

Done in the City of Manila this 21st day of December, in the year of our Lord

nineteen hundred and eighty-two.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JOAQUIN T. VENUS, JR.

Deputy Presidential Executive

Assistant