Increasing the Number of Philippine Racing Commission Board Members
Republic Act No. 7324, enacted on March 30, 1992, amends Presidential Decree No. 420 by increasing the membership of the Philippine Racing Commission to include a chairman and six members. Among these six members, there are specific representatives from the Racehorse Owners Association, the Jockeys Association, and the Trainers Association, all appointed by the President. The Act also stipulates that the Commission must meet regularly, with a quorum requiring the presence of at least four members to adopt any resolutions or decisions. This law aims to enhance the governance structure of the Commission, thereby improving the management of horse racing in the Philippines.
Law Information
- Reference Number
- Republic Act No. 7324
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 30, 1992
REPUBLIC ACT NO. 7324
AN ACT INCREASING THE MEMBERS OF THE BOARD OF THE PHILIPPINE RACING COMMISSION, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NUMBERED FOUR HUNDRED TWENTY, AS AMENDED
Section Four of Presidential Decree Numbered Four hundred twenty is amended to read as follows: cd i
"SEC. 4. Membership of the Commission. — The Commission shall be composed of a chairman and six (6) members: Provided, That of the six (6) members, there shall be one (1) representative of the Racehorse Owners Association, one (1) representative of the Jockeys Association and one (1) representative of the Trainers Association. The Commissioners shall be appointed by the President of the Philippines."
Section Six of the same decree is hereby amended to read as follows:
"SEC. 6. Meetings and Quorum. — The Commissioners shall meet regularly once a week and as often as the exigencies of the service may demand, upon the call of the Chairman or upon the request of three (3) members of the Commission. The vote of at least four (4) members shall be necessary for the adoption of any rule, resolution or decision of the Commission."
SECTION 3. This Act shall take effect upon its approval.
Approved: March 30, 1992
Published in the Official Gazette, Vol. 88 No. 20 page 2928 on May 18, 1992.
Cite This Law
Increasing the Number of Philippine Racing Commission Board Members, Republic Act No. 7324, Mar 30, 1992 (Philippines)
Increasing the Number of Philippine Racing Commission Board Members, Republic Act No. 7324 (Phil. 1992)
Related Laws
- Horse-Racing Regulation ActRepublic Act No. 309 • Jun 18, 1948 • Statutes
- Increasing the Number of Members of the GSIS Board of TrusteesRepublic Act No. 4847 • Jun 18, 1966 • Statutes
- Grant of Race Track Franchise to Philippine Racing Club, Inc.Republic Act No. 6632 • Oct 23, 1972 • Statutes
- Amendment to R.A. No. 6632 (Grant of Franchise to Philippine Racing Club, Inc.)Republic Act No. 7953 • Mar 30, 1995 • Statutes
- Grant of Franchise to Starland Racing Corp. (Racetrack for Horse Racing)Republic Act No. 8511 • Feb 13, 1998 • Statutes
- Creating the Philippine Racing CommissionPresidential Decree No. 420 • Mar 20, 1974 • Presidential Issuances
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law