Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA
Presidential Decree No. 1447, issued on June 11, 1978, establishes a procedure for managing tax and fee proceeds earmarked for the Philippine Tourism Authority (PTA). It mandates that all funds collected by the PTA and other government agencies be remitted to the National Treasury quarterly. These funds are exclusively allocated for the PTA's operations and projects, with automatic releases upon budget approval by the PTA Board, while capital outlays require presidential approval. The decree also repeals previous related executive orders and takes immediate effect.
Quick Answers
- What is Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA about?
- Presidential Decree No. 1447, issued on June 11, 1978, establishes a procedure for managing tax and fee proceeds earmarked for the Philippine Tourism Authority (PTA). It mandates that all funds collected by the PTA and other government agencies be remitted to the National Treasury quarterly. These funds are exclusively allocated for the PTA's operations and projects, with automatic releases upon budget approval by the PTA Board, while capital outlays require presidential approval. The decree also repeals previous related executive orders and takes immediate effect.
- What type of law is Presidential Decree No. 1447?
- Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA (Presidential Decree No. 1447) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA enacted?
- Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA (Presidential Decree No. 1447) was enacted on Jun 11, 1978.
- What is the citation for Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA?
- Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA, Presidential Decree No. 1447, Jun 11, 1978 (Philippines)
Law Information
- Reference Number
- Presidential Decree No. 1447
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 11, 1978
PRESIDENTIAL DECREE NO. 1447
INSTITUTING A PROCEDURE FOR THE MANAGEMENT OF PROCEEDS OF TAXES AND FEES EARMARKED FOR OR ADMINISTERED BY THE PHILIPPINE TOURISM AUTHORITY
WHEREAS, the Philippine Tourism Authority (PTA) has been created as the government's implementing arm in integrating activities and services related to tourism development; and
WHEREAS, there is a need to transform it into a more effective instrument geared towards the development of the various tourism infrastructure projects in the country; cd i
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order as follows:
SECTION 1. All funds earmarked for or administered by the PTA pursuant to P.D. No. 189, as amended by P.D. No. 564 collected by the Philippine Tourism Authority and/or other government agencies shall be remitted to the National Treasury on a quarterly basis.
SECTION 2. The proceed of all collections pursuant to Section 1 hereof, shall be utilized exclusively for the operations and projects of the Philippine Tourism Authority and shall be released automatically by the National Treasury upon approval by the PTA Board of its budgetary requirements, as an exception, P.D. No. 1234 and the budgetary processes provided in P.D. No. 1177: Provided, That fund releases for expenditures on capital outlays and special undertakings shall be subject to specific approval by the President. cd
SECTION 3. Executive Order No. 499, s. 1978, is hereby repealed and all provisions of laws, decrees, executive orders, letter of instructions or portions thereof contrary to the provisions of this Decree are hereby amended or modified accordingly.
SECTION 4. This Decree shall take effect immediately.
DONE in the City of Manila, this 11th day of June, in the year of Our Lord, Nineteen Hundred and Seventy-Eight.
Published in the Official Gazette, Vol. 74 No. 41, 8094-85 Supp., on October 9, 1978.
Published in the Official Gazette, Vol. 74 No. 44, 8651-7 Supp., on October 30, 1978.
Cite This Law
Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA, Presidential Decree No. 1447, Jun 11, 1978 (Philippines)
Procedure for the Management of Proceeds of Taxes and Fees Earmarked for or Administered by PTA, Presidential Decree No. 1447 (Phil. 1978)
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