Donations.
Section 8
SEC. 8. Donations.—Ministries, bureaus, offices or agencies are authorized to accept donations, contributions grants, bequests or gifts, in cash or in kind. Cash proceeds shall be deposited with the National Treasury as a Special Account in the. General Fund and shall be used or expended only in accordance with the wishes of, and purposes specified by the benefactor or donor, subject to Section 40 of P.D. No. 1177. Contributions or gifts in kind intended for beneficiaries, which are perishable in nature that would require storage or distribution expenditures of more than forty per cent of their current market value may be sold at public auction and the proceeds derived therefrom shall be deposited in like manner as if they were in cash, and shall be used or expended for the same purpose, subject to the conditions imposed by the donor. All such receipts, including equipment and other fixed assets, shall be recorded in the books of government and subject to pertinent accounting and auditing rules and regulations.