Question & AnswerQ&A (Republic Act No. 74)
The main purpose of Republic Act No. 74 is to amend previous laws to provide for additional expenses in the supervision and regulation of private schools, colleges, and universities, and to establish a revolving fund for the purchase and sale of textbooks to private school students.
Section 11aA is the new section inserted between sections eleven and twelve of Act Numbered 2706, as amended, which details provisions on expenses, assessments, and regulation for private education supervision and textbook purchase.
The President of the Philippines may authorize the Secretary of Instruction to levy an equitable assessment from each private educational institution.
The assessment is equivalent to one percent of the total amount accruing from tuition and other fees of the private educational institution.
The funds are to be used for additional expenses in the supervision and regulation of private schools, colleges, and universities, and for the purchase of textbooks to be sold to students of said institutions.
No new positions can be created by the Director of Private Education unless approved by the President of the Philippines upon the recommendation of the Secretary of Instruction.
No textbook shall be purchased or sold by the Director of Private Education unless the purchase price or resale price has been previously approved by the President of the Philippines upon recommendation of the Secretary of Instruction.
The Director of Private Education, with the approval of the Secretary of Instruction, shall prescribe the form, manner, and time for levying and payment of the assessment by regulation.
Non-payment of the assessment by any private educational institution shall be sufficient cause for the cancellation by the Secretary of Instruction of the permit or recognition granted to such institution.
The Act took effect beginning the school year 1946-1947.