Port Works Fund
Act No. 3592, enacted on November 29, 1929, establishes the "Port Works Fund," a special fund in the Insular Treasury, sourced from wharfage fees collected from a specified date. This fund is designated for the investigation, construction, improvement, and maintenance of ports, with 40% allocated specifically for maintaining existing ports, including dredging and related improvements. Disbursements from this fund require certification of available funds by the Secretary of Finance and approval from the Secretary of Commerce and Communications and the Governor-General. The Act takes effect on January 1, 1931.
Law Information
- Reference Number
- Act No. 3592
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 29, 1929
ACT NO. 3592
AN ACT TO CREATE A SPECIAL FUND IN THE INSULAR TREASURY AS "PORT WORKS FUND" AND TO PROVIDE FOR THE DISBURSEMENT OF SAID FUND
SECTION 1. All wharfage fees collected from the date on which this Act takes effect under the provisions of section fourteen of the Tariff Law of nineteen hundred and nine, shall be deposited in the Insular Treasury and shall form a special fund to be known as "Port Works Fund," which shall be disbursed, in accordance with acts of the Legislature, for the investigation, construction, improvement, and maintenance of ports, including the purchase and maintenance of necessary equipment: Provided, however, That forty per centum of the fund so formed is hereby set aside for the necessary expenses of maintenance of ports constructed by authority of the Legislature, including dredging and improvements incidental to such maintenance. All allotments from the maintenance fund so authorized shall be made by the Secretary of Commerce and Communications, with the approval of the Governor-General, upon certificate by the Secretary of Finance that the necessary funds are available.
SECTION 2. This Act shall take effect on January first, nineteen hundred and thirty-one.
Approved, November 29, 1929.
Cite This Law
Port Works Fund, Act No. 3592, Nov 29, 1929 (Philippines)
Port Works Fund, Act No. 3592 (Phil. 1929)
Related Laws
- Appropriation of Funds Out of the Port Works FundAct No. 3878 • Nov 13, 1931 • Statutes
- Appropriation of Funds Out of the Port Works FundAct No. 4149 • Nov 28, 1934 • Statutes
- Appropriation of Funds Out of the Port Works FundAct No. 4050 • Feb 20, 1933 • Statutes
- Amendment to Act No. 3592 Re: Port Works Fund ActRepublic Act No. 1216 • May 10, 1955 • Statutes
- Appropriation of Funds Out of the Port Works FundAct No. 4100 • Nov 29, 1933 • Statutes
- Transferring to the Office of Port Works in Manila the Supervision of the Construction of the Port Works at Cebu and IloiloAct No. 1339 • May 4, 1905 • Statutes
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