Kalinga Tourism Development Trust Fund.
Section 5
SEC. 5. Kalinga Tourism Development Trust Fund. – There is hereby established a trust fund under this Act to be known as the Kalinga Tourism Development Trust Fund for purposes of financing projects which shall enhance tourism in the Province of Kalinga. The trust fund shall be administered by a trust fund administrator under the Provincial Tourism Council of Kalinga. Income shall be derived from fees from visitors/tourists, other resources from the province, proceeds from the registration and lease of multiple-use areas, including tourism concessions, fees, proceeds and contributions from industries and facilities directly benefiting the province. The Kalinga Tourism Development Trust Fund may be augmented by grants and donations, endowment from various sources, domestic or foreign entities and individuals, for purposes related to their functions: Provided, That disbursements therefrom shall be in accordance with existing accounting and auditing rules and regulations: Provided, further, That the fund shall not be used to cover personal services expenditures.