Special application of portions of proceeds of tax.
Section 6
SEC. 6. Special application of portions of proceeds of tax.—The gross proceeds of the first one-eighth of one per centum levied or imposed for provincial purposes shall accrue, in a regularly organized province, exclusively to its road and bridge fund, and in a specially organized province, exclusively to its road and public works fund: Provided, That the proceeds of said first one-eighth of one per centum levied or imposed for provincial purposes and collected in municipalities, barrios, and sitios situated on islands not benefited by the construction and maintenance of local roads maintained with provincial funds, shall hereafter be applied to school purposes or for the construction and maintenance of local roads or any other local improvements, as the municipal council concerned may determine. The gross proceeds of the remaining two-eighths or three-eighths per centum, as the case may be, or any part thereof, levied for provincial purposes shall accrue to the general fund of the province. The gross proceeds of the first one-fourth of one per centum levied or imposed for municipal purposes shall accrue exclusively to the school fund of the municipality. The gross proceeds of the remaining one-fourth or three-eighths of one per centum, as the case may be, or any part thereof, levied for municipal purposes shall accrue to the general fund of the municipality.