Question & AnswerQ&A (Republic Act No. 294)
The main purpose is to amend Section Sixty-Six of Act No. 4003 relating to fish and other aquatic resources, specifically on the appropriation of funds for scientific research, propagation, and protection of aquatic resources in the Philippines.
The sum not to exceed one hundred fifty thousand pesos is set aside yearly out of government revenues from fees, fines, and sales related to aquatic resources.
Funds are derived from fees authorized under the Chapter, forfeited bonds, penalties and fines, and revenues from sales of fish and other aquatic products from fish farms, experimental and demonstration stations.
The disbursement must be approved by the Secretary of Agriculture and Natural Resources.
Funds may be used for scientific and economic research, diffusion of knowledge to fishermen, study and propagation of aquatic resources, establishment and maintenance of facilities, practical instruction in fish culture and fisheries management, and other purposes to foster and protect aquatic resources.
No, any unexpended balance at the end of each year shall not revert to the National Treasury but shall be used for the purposes for which it was appropriated.
The automatic appropriation commenced with the fiscal period of 1949.
The appropriation covers construction, maintenance, and repair of facilities and vessels, purchase of apparatus and supplies, salaries, wages, traveling expenses of personnel, and other necessary expenses to carry out the Act.
Yes, during 1949, the difference between the maximum amount and the amount appropriated in the Appropriation Act shall be spent subject to special budget provisions under Commonwealth Act No. 246 Section 7-l-(4).
The Act took effect upon its approval on June 16, 1948.