PD 1447 Section 2

Section 2

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.

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Other provisions in PD 1447

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1447 Section 2 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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