Appropriation of Funds to Implement R.A. No. 778 (Conversion of Philippine School of Commerce into Philippine College of Commerce)
Republic Act No. 1075, enacted on June 12, 1954, appropriates four hundred fifty thousand pesos from the National Treasury to implement the provisions of Republic Act No. 778. The funds will be included in future annual General Appropriations Acts to ensure ongoing financial support. The Act takes effect immediately upon approval and was published in the Official Gazette in July 1954.
June 12, 1954
REPUBLIC ACT NO. 1075
AN ACT APPROPRIATING THE SUM OF FOUR HUNDRED FIFTY THOUSAND PESOS TO CARRY OUT THE PROVISIONS OF REPUBLIC ACT NUMBERED SEVEN HUNDRED SEVENTY-EIGHT
SECTION 1. The sum of four hundred fifty thousand pesos is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, to carry out the provisions of Republic Act Numbered Seven hundred seventy-eight. Thereafter, the necessary funds shall be included in the annual General Appropriations Act.
SECTION 2. This Act shall take effect upon its approval.
Approved: June 12, 1954
Published in the Official Gazette, Vol. 50, No. 7, p. 2970 in July 1954