Utilization of the National Service Training Program Trust Fund
CHED Memorandum Order No. 005-03, issued on March 14, 2003, outlines the utilization of the National Service Training Program (NSTP) Trust Fund in accordance with RA 9163. It mandates that 70% of the NSTP fees collected be allocated for program operations, while the remaining 30% serves as contingency funds for unprogrammed activities. Any unspent balance from the fund is to be carried over to the next semester, and expenditures must undergo periodic audits. Additionally, program coordinators are required to submit a comprehensive report on fund utilization to school heads and relevant authorities after each semester.
Law Information
- Reference Number
- CHED Memorandum Order No. 005-03
- Date Enacted
- Category
- Other Rules and Procedures
- Subcategory
- Education
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 14, 2003
CHED MEMORANDUM ORDER NO. 005-03
| SUBJECT | : | Utilization of the National Service Training Program (NSTP) Trust Fund |
In line with the implementation of the National Service Training Program (NSTP) by virtue of RA 9163 or the NSTP Law of 2001 effective AY 2002-2003, the same guidelines and provisions stipulated in CMO No. 20, s. 1999 re: Utilization of ROTC Trust Fund, shall remain effective and adopted by all higher education institutions offering any one of the components of the NSTP, to wit:
1. NSTP fees collected shall constitute a Trust Fund, 70% of which shall be exclusively used for the operation of the Program;
2. The remaining 30% retained by the school, shall serve as contingency funds especially in unprogrammed activities not originally included in the Program of Expenditures prepared by the ROTC Commandant or CWTS/LTS Coordinator and approved by the school head;
3. The remaining fund balance shall be carried over to the next semester;
4. Expenditures/disbursement shall be subjected to periodic audits by the proper school authorities and concerned NSTP Officers; and
5. ROTC Commandants/CWTS and LTS Program Coordinators shall submit a comprehensive report on the utilization of the NSTP Funds to their respective school heads and Reserve Unit Commanders/Program Heads, two (2) weeks after the end of every semester. DISEaC
For compliance of all concerned.
Pasig City, March 14, 2003.
(SGD.) ESTER ALBANO GARCIAChairperson
Cite This Law
Utilization of the National Service Training Program Trust Fund, CHED Memorandum Order No. 005-03, Mar 14, 2003 (Philippines)
Utilization of the National Service Training Program Trust Fund, CHED Memorandum Order No. 005-03 (Phil. 2003)
Related Laws
- Policy Guidelines Governing the Allocation, Utilization and Remittance of the Cooperative Education and Training Fund (CETF) of CooperativesCDA Memorandum Circular No. 2019-08 • Aug 22, 2019 • Other Rules and Procedures
- Multi-Year Implementing Guidelines on the Allocation and Utilization of the Indigenous Peoples Education Program Support FundDepEd Order No. 003-17 • Jan 18, 2017 • Other Rules and Procedures
- Guidelines and Procedures on the Issuance of National Service Training Program (NSTP) Serial NumbersCHED Memorandum Order No. 027-15 • Aug 6, 2015 • Other Rules and Procedures
- Amended Multi-Year Implementing Guidelines on the Allocation and Utilization of the Indigenous Peoples Education Program Support FundDepEd Order No. 022-18 • May 3, 2018 • Other Rules and Procedures
- Policies and Guidelines for the Use of Income, Special Trust Fund and Programs of Receipts and Expenditures of the SUCsCHED Memorandum Order No. 020-11 • Aug 4, 2011 • Other Rules and Procedures
- The IRR of RA No. 10848 Governing the Utilization of the Agricultural Competitiveness Enhancement FundDA-LBP-CHED Joint Memorandum No. 01-17 • Aug 29, 2017 • Other Rules and Procedures
Browse More Other Rules and Procedures
Explore other laws in the Other Rules and Procedures category.
View All Other Rules and ProceduresNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law