AMENDING SECTIONS 10(c) AND 13 OF PRESIDENTIAL DECREE NO. 6-A (EDUCATIONAL DEVELOPMENT DECREE OF 1972), DATED SEPTEMBER 29, 1972, AUTHORIZING THE EXTENSION OF ACCRUALS TO THE SPECIAL SCIENCE FUND CREATED UNDER REPUBLIC ACT NO. 5448, AS AMENDED, AND FOR OTHER PURPOSES

• Number: Presidential Decree No. 365
• Sections: 5

Preamble

WHEREAS, the sustained promotion of science and technology

is vital to achieving economic and social development; and

WHEREAS, the pursuit and support of scientific goals on a

national scale calls for adequate and steady funding of scientific and

technological programs, projects and activities of the Government;

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

Philippines, by virtue of the powers in me vested by the Constitution as

Commander-in-Chief of all the Armed Forces of the Philippines, and

pursuant to Proclamation No. 1081, dated September 21, 1972, and General

Order No. 1, dated September 22, 1972, do hereby decree and order into

law the following:

Section 1

SECTION 1. Section 10(c) of Presidential Decree No. 6-A,

dated September 29, 1972, is hereby amended to read as follows:

"(c) Ten million pesos (P10,000,000) from the Special Science

Fund for Fiscal Year 1972-73, and ten million pesos (P10,000,000)

annually thereafter until June 30, 1982, of the total annual receipts

from the taxes provided for under Republic Act Numbered Fifty-four

Forty-eight, as provided in Section 13 hereof."

Section 2

SEC. 2. Section 13 of the same Decree is hereby amended to

read as follows:

"SEC. 13. Portion of Special Science Fund. — Any

provision of law to the contrary notwithstanding, effective upon

approval of this Decree, ten million pesos (P10,000,000) of the Special

Science Fund established under Republic Act Numbered Fifty-four Hundred

and Forty-eight, as amended, is hereby transferred to the Educational

Special Account herein provided. Starting July 1, 1973, until June 30,

1982, ten million pesos (P10,000,000) of the total annual collection

from the taxes imposed under Republic Act Numbered Fifty-four Hundred

and Forty-eight, as amended, shall accrue to the Educational Special

Account."

Section 3

SEC. 3. Except as provided in Sections 10(c) and 13 of said

Presidential Decree No. 6-A, as hereby amended, the total annual

collection from the taxes imposed under Republic Act Numbered 5448, as

amended, shall continue until June 30, 1982, to accrue to the Special

Science Fund and shall be administered and expended by the National

Science Development Board in pursuance of the objectives of said Act.

Section 4

SEC. 4. This Decree shall take effect immediately.

Done in the City of Manila, this 3rd day of January, in the year

of Our Lord, nineteen hundred and seventy-four.

(Sgd.) FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.) ALEJANDRO MELCHOR

Executive Secretary