Appropriation from Coconut Oil Excise Tax Fund

May 7, 1940

COMMONWEALTH ACT NO. 521

AN ACT APPROPRIATING AMOUNTS FROM THE COCONUT OIL EXCISE TAX FUND COLLECTED ON AND AFTER JANUARY FIRST, NINETEEN HUNDRED AND THIRTY-NINE, FOR THE PERIOD FROM JANUARY FIRST, NINETEEN HUNDRED AND THIRTY-NINE, TO JUNE THIRTIETH, NINETEEN HUNDRED AND FORTY

SECTION 1. Appropriation of Funds. — The following sums, or so much thereof as may be necessary, are appropriated out of the collections that accrued and shall accrue to the Coconut Oil Excise Tax Fund in the Philippine Treasury on and after January first, nineteen hundred and thirty-nine, for the purposes hereunder specified in conformity with the provisions of the Act of Congress of March twenty-fourth, nineteen hundred and thirty-four (Public Act No. 127, 73rd Congress), as amended by the Act of Congress of August seventh, nineteen hundred and thirty-nine (Public Act No. 300, 76th Congress):

DEPARTMENT OF AGRICULTURE AND COMMERCE
1.	For reforestation and afforestation of
	watersheds, denuded areas and cogon or
	open lands within forest reserves, communal
	forests, national parks and timberlands, sand
	dunes, and other public forest lands, in
	accordance with the provisions of Commonwealth
	Act Numbered Three hundred and four:
	Salaries and wages	P773,930.00
	Sundry expenses	69,280.00
	Furniture and equipment	6,130.00
	Special purposes	31,260.00
	Total	P880,600.00
2.	For the classification, survey, and subdivision
	of agricultural lands of the public domain,
	specially those lying along national highways,
	in accordance with the provisions of
	Commonwealth Act Numbered Three
	hundred forty-seven:
	Salaries and wages	P1,036,610.00
	Sundry expenses	293,430.00
	Furniture and equipment	42,660.00
	Total	P1,372,700.00
3.	For the agronomical survey of the
	Philippines in accordance with the provisions
	of Commonwealth Act Numbered Four hundred
	eighteen:
	Salaries and wages	P51,600.00
	Sundry expenses	25,400.00
	Furniture and equipment	11,440.00
	Total	P88,440.00
4.	For the establishment and operation of agricultural
	experiment and demonstration stations in
	accordance with the provisions of section
	one thousand seven hundred fifty-four of the
	Administrative Code:
	Salaries and wages	P104,400.00
	Sundry expenses	56,450.00
	Furniture and equipment	94,400.00
	Special purposes	244,750.00
	Total	P500,000.00
		——————
	Total for the Department of
	Agriculture and Commerce	P2,841,740.00
		==========
DEPARTMENT OF PUBLIC WORKS AND COMMUNICATIONS
5.	For the construction of national
	roads as authorized in items 1, 2, 3, 4, 6,
	7, 9, 10, 11, 15, 18, 19, 21, 22, 23, 24, 25,
	26, 27, 28, 30, 31, 32, 36, 39, 46, 49, 50,
	and 51 under section 1-C(q) of Commonwealth
	Act Numbered Three hundred thirty	P6,781,500.00
6.	For the construction of flood control
	works on the Agno River System and
	the Pampanga River System as authorized
	in items D(w) and D(x) under section one
	of Commonwealth Act Numbered Three
	hundred thirty	P2,000,000.00
7.	For the construction of irrigation
	systems as authorized by Commonwealth
	Act Numbered Three hundred sixty-nine	P1,270,000.00
		——————
	Total for the Department of Public
	Works and Communications	P10,051,500.00
		============
GOVERNMENT CORPORATIONS
8.	For the creation of a special fund to be used
	for the establishment, equipment, maintenance,
	and operation of textile mills by any government-
	owned corporation or any agency or instrumentality
	of the Government which the President of the
	Philippines may designate, this appropriation to be
	available to cover the expenses of the National
	Development Company in conformity with the
	provisions hereof prior to the approval of this Act:
	Provided, That all income or receipts derived from
	the operation of the special fund herein created shall
	accrue to and form part of the same and shall
	be available for expenditure and/or investment for
	the same purposes herein provided	P2,000,000.00
9.	For the creation of a special fund to be
	used for the promotion of the abacá industry
	by the National Abacá and other Fibers Corporation,
	created under Commonwealth Act Numbered Three
	hundred thirty-two, or any agency or instrumentality
	of the Government which the President of the
	Philippines may designate, whose aims shall be to
	improve the quality of abacá and to lower its cost
	of production and marketing so as to adequately
	meet the requirements of the local industry and
	foreign markets, with a view to placing this
	product in a position independent of trade
	preferences in the United States and otherwise
	so develop and adjust the abacá industry as to
	contribute effectively in strengthening the
	national economy of the Philippines
	preparatory to the assumption of the
	responsibilities of an independent state, this
	appropriation to be available to cover the
	expenses incurred by the National
	Abacá and other Fibers Corporation in
	conformity with the provisions hereof
	prior to the approval of this Act: Provided,
	That all income or receipts derived from
	the operation of the special fund herein
	created shall accrue to and form part of the
	same and shall be available for expenditure
	and/or investment for the same purposes
	herein provided	P2,550,000.00
10.	For the creation of a special fund
	to be used for the acquisition, settlement,
	and cultivation of undeveloped agricultural
	lands, for providing opportunity to own
	farms to tenant farmers and small farmers
	from congested areas, and for encouraging
	migration to sparsely populated regions and
	facilitating the amalgamation of the people
	in different sections of the Philippines, for
	the purpose of developing new crops that
	could take the place of the present export
	crops which may suffer from the loss of
	preferences which they enjoy in the American
	markets and otherwise help in the
	adjustment of the national economy of the
	Philippines so as to prepare the latter for
	assumption of the responsibilities of an
	independent state, such activities to be undertaken
	by the National Land Settlement Administration,
	created under Commonwealth Act Numbered
	Four hundred forty-one, or any agency or
	instrumentality of the Government which the
	President of the Philippines may designate,
	this appropriation to be available for expenses
	that were incurred by the National Land Settlement
	Administration in conformity with the provisions
	hereof prior to the approval of this Act: Provided,
	That all income or receipts derived from the
	operation of the special fund herein created shall
	accrue to and form part of the same and shall be
	available for expenditure and/or investment for the
	same purposes herein provided	P4,000,000.00
11.	For the establishment of a special fund
	to be administered by the Agricultural
	and Industrial Bank of the Philippines,
	created under Commonwealth Act Numbered
	Four hundred and fifty-nine, for carrying out
	the following objectives: (1) to grant
	agricultural loans; (2) to grant industrial
	loans; (3) to establish and operate bonded
	warehouses; and (4) to subscribe for,
	underwrite, purchase or guarantee bonds
	issued by non-governmental agricultural
	or industrial concerns: Provided, That out
	of the amount appropriated herein, a sum
	not to exceed P15,000,000 may be invested
	as capital stock of the said Agricultural
	and Industrial Bank of the Philippines
	but the use of such investment shall
	be limited to the purpose herein authorized:
	Provided, further, That in accomplishing
	the above enumerated objectives the
	purpose shall be to adjust Philippine
	economy to a position independent of
	trade preferences in the United States
	and otherwise to prepare the Philippines
	for the assumption of the responsibilities
	of an independent state: Provided,
	finally, That all income or receipts derived
	from the operation of the special fund
	herein created shall accrue to and form
	part of the same and shall be available for
	expenditure and/or investment for the same
	purposes herein provided	P25,000,000.00
		———————
	Total for Government corporations	33,550,000.00
		———————
	Grand total	P46,443,240.00
		=============

SECTION 2. Reduction of Appropriations Previously Authorized for the Same Purposes. — The appropriations authorized in prior Acts herein specified for the same purposes for which appropriations made in this Act are intended, are reduced to the extent of the amounts of the latter.

SECTION 3. Reversion of Unexpended Balances. — Any balance of the appropriations herein provided remaining unexpended at the end of the period for which authorized shall continue to be available for expenditure for the same purposes during the subsequent fiscal years until exhausted, or the work or purpose for which the appropriation was made has been completed or accomplished. In the latter case, such unexpended balance shall revert to the unappropriated surplus of the fund.

SECTION 4. Authority of the President to Transfer Amounts. — The President of the Philippines is authorized to transfer any amount appropriated for any item or portion thereof in any purpose to any other item or items under the same purpose.

SECTION 5. Suspension of Expenditure of Appropriations. — The President of the Philippines is authorized to suspend or otherwise stop the expenditure of any amount herein appropriated for any purpose, or any portion thereof, whenever in his opinion the public interest so requires, and thereupon the funds affected by such action shall become available for any other expenditure authorized in this Act as the President may determine.

SECTION 6. Authority to Purchase Automobiles, Auto-jitneys, or Station Wagons. — When expressly authorized by the President of the Philippines, the appropriation authorized in items 9, 10 and 11 of section one hereof may be used for the purchaser of automobiles, auto-jitneys, or station wagons.

SECTION 7. Purpose for Which Appropriations May Be Used. — The amounts appropriated in this Act shall be used for the purpose of meeting new or additional expenditures necessary in adjusting Philippine economy to a position independent of trade preferences in the United States and in preparing the Philippines for the assumption of responsibilities of an independent state, and shall be accounted for separately from other moneys of the Government of the Commonwealth of the Philippines: Provided, That no part of the appropriation herein authorized shall be paid directly as a subsidy to the producers or processors of copra, coconut oil, or allied products, except that this provision shall not be construed as prohibiting the use of a portion of said appropriation for facilities for better curing of copra, or for bona fide production loans to Philippine copra producers.

 

SECTION 8. Effective Date. — This Act shall take effect upon its approval.

Approved: May 7, 1940