Fund to carry out provisions of this Act.
Section 3
SEC. 3. Fund to carry out provisions of this Act.—Pursuant to the national policy enunciated in Section one of this Act, there is hereby established a special fund, to be known as the Metals Industry Development Fund, consisting, of government contribution in the amount of seven million five hundred thousand pesos, the private sector contribution as provided in section 7 hereof, and the reasonable fees and charges that may be collected for services rendered by the Metals Industry Development Center. For this purpose, the sum of one million five hundred thousand pesos is hereby authorized to be appropriated upon the approval of this Act out of the funds of the national treasury not otherwise appropriated and one million pesos annually thereafter for a period of six years as the government contribution to the said fund: Provided, That any unexpended balance thereof shall not revert to the general fund.