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PD 179 Section 4

PD 179 Section 4

Section eleven of the same Decree is hereby amended to read as follows: "SEC. 11. Finances.

Section 4

SEC. 4. Section eleven of the same Decree is hereby amended to read as follows: "SEC. 11. Finances.—The corporations shall be financed by the income from its various sources and from its operation, as well as by contributions from the private sector either from local or foreign sources and flotation of tax-free bonds, when warranted. For permanent support of the Center, the equivalent of five per centum (5%) of the total annual collections of all taxes on amusements is hereby set aside and appropriated for the yearly maintenance and support of the Center or for such purposes as its governing board may decide upon, consistent with its purposes and objectives. Government corporations are hereby authorized to make such contributions to the Center from time to time as their respective governing boards may in their discretion decide, provided that such contributions do not exceed fifteen per centum (15%) of their annual unimpaired surplus. Contributions to the Center shall be considered as deductible in full and shall not be included for purposes of computing the maximum amounts deductible under the first paragraph of Section 30(h) of Commonwealth Act No. 466, as amended.

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Other provisions in PD 179

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 179 Section 4 (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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