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PD 420 Section 11

PD 420 Section 11

Funding.

Section 11

SEC. 11. Funding. — In order to provide necessary funds to cover the expenses of the Commission and such other purposes authorized under this Decree, one per centum (1%) of the gross receipts derived from the total sale of tickets for daily double, llave forecast, jackpot and other similar events is hereby constituted as a special fund to be used by the Commission: Provided, however, That the one per centum (1%) of the gross receipts derived from the total sale of tickets for pari-mutuel races shall continue to be retained as a special fund for the use of the Games and Amusements Board: Provided, further, That to promote clean and honest horse racing, licensed jockeys or trainers who are suspended by the Commission for violation of existing rules on horse racing shall be temporarily suspended from all benefits other than medical and hospitalization expenses during the period of suspension.

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Other provisions in PD 420

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 420 Section 11 (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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