Section 7
SEC. 7. Section Seven of Republic Act Numbered Forty Seven Hundred Twenty-Four is hereby amended to read as follows: "SEC. 7. Responsibilities of the Private Sector.—To be entitled to the technical services and benefits to be derived from the activities of the Center as provided in Section 4 hereof, the private sector provide an annual contribution in the amount of at least one hundred fifty thousand pesos for the first year, one hundred seventy-five thousand pesos for the second year, two hundred thousand pesos for the third year, and two hundred twenty-five thousand pesos for the fourth year, and two hundred fifty thousand pesos for the fifth year and every year thereafter, for the capital operational requirements of the Center and pay such reasonable fees and charges as may be fixed by the Board. In the case of metalcraft industries in the rural areas no annual contribution shall be necessary to avail of the Center's services, but they shall pay the fees and charges therefor, subject to such discounts as the Board may determine.