Appropriation for "Counterpart Fund" to Implement R.A. No. 604
Republic Act No. 902, approved on June 20, 1953, appropriates an additional twenty million pesos for the "Counterpart Fund" established under Republic Act No. 604. This fund is intended to support specific purposes outlined in the earlier act. The allocated amount is available for expenditure until it is fully utilized, even beyond June 30, 1954. The law took effect immediately upon its approval and was published in the Official Gazette in July 1953.
June 20, 1953
REPUBLIC ACT NO. 902
AN ACT APPROPRIATING ADDITIONAL SUM OF TWENTY MILLION PESOS FOR "COUNTERPART FUND" TO CARRY OUT THE PURPOSES OF REPUBLIC ACT NUMBERED SIX HUNDRED AND FOUR
SECTION 1. There is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, the sum of twenty million pesos as additional appropriation for the "Counterpart Fund" constituted under Republic Act Numbered Six hundred and four, to be spent in accordance with the provision of said Act: Provided, That this appropriation shall be available for expenditure until exhausted even after June thirty, nineteen hundred and fifty-four.
SECTION 2. This Act shall take effect upon its approval.
Approved: June 20, 1953
Published in the Official Gazette, Vol. 49, No. 7, p. 2707 in July 1953