Amendment to R.A. No. 1135 Re: Philippine Tobacco Administration
Republic Act No. 4114, enacted on June 20, 1964, amends the provisions concerning the capitalization of the Tobacco Industry Promotion Fund established under Republic Act No. 1135. It allocates an initial appropriation of ten million pesos for the fiscal years 1964-1965, with an authorization for the same amount annually for five subsequent years. The fund is designated for specific expenditures: 15% for operating expenses, 75% for native tobacco cigar fillers trading, and 10% for research aimed at improving the tobacco industry. This Act aims to enhance the development and sustainability of the tobacco sector in the Philippines.
June 20, 1964
REPUBLIC ACT NO. 4114
AN ACT TO FURTHER AMEND THE FIRST PARAGRAPH OF SECTION FIFTEEN OF ARTICLE EIGHT OF REPUBLIC ACT NUMBERED ELEVEN HUNDRED AND THIRTY-FIVE, ENTITLED "AN ACT ESTABLISHING THE PHILIPPINE TOBACCO ADMINISTRATION, DEFINING ITS OBJECTIVES, POWERS AND FUNCTIONS, AND FOR OTHER PURPOSES," BY EXTENDING THE CAPITALIZATION, AND FOR OTHER PURPOSES
The first paragraph of Section fifteen, Article eight of Republic Act Numbered Eleven hundred and thirty-five, as amended by Republic Act Numbered Twenty-two hundred and thirty-three, is hereby further amended to read as follows:
"SEC. 15. Capitalization. — To carry out the purpose of this Act, there is created a special fund to be known as the "Tobacco Industry Promotion Fund" which shall be taken from the taxes derived from the tobacco industry to be made available as follows: ten million pesos, which is hereby appropriated for the fiscal year nineteen hundred sixty four and nineteen hundred sixty-five, and, thereafter, an annual appropriation of ten million pesos is authorized for a period of five years, which shall be released not later than the end of the third quarter of every fiscal year. This fund will be apportioned in the following manner: fifteen per cent will be spent for operating expenses; seventy-five per cent will be used for native tobacco cigar fillers trading; and ten per cent for researches to improve the tobacco industry in all its phases."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 20, 1964
Published in the Official Gazette, Vol. 61, No. 13, p. 1813 on March 29, 1965