Question & AnswerQ&A (BATAS PAMBANSA BLG. 42)
The PCSO is the principal government agency responsible for raising and providing funds for health programs, medical assistance and services, and charities of national character.
The PCSO has the authority to hold and conduct charity sweepstakes races, lotteries, and similar activities in such frequency and manner as determined by its Board of Directors, subject to rules and regulations promulgated by the Board.
Yes, the PCSO can, subject to approval of the Minister of Human Settlements, engage in health and welfare-related investments, programs, projects, and activities that are profit-oriented, except for conducting sweepstakes and lotteries, to provide permanent sources of funds for its health and charity programs.
The PCSO's investments must not compete with the private sector in areas where private sector investments are adequate, as determined by the National Economic and Development Authority.
Fifty-five percent (55%) is set aside as a prize fund; thirty percent (30%) goes to the charity fund; fifteen percent (15%) is allocated for operating expenses and capital expenditures of the PCSO; and all remaining balances revert back to the charity fund.
Prizes not claimed within one year are forfeited and become part of the charity fund for disposition as stated by law.
The Board of Directors consists of five members appointed by the President (Prime Minister), who also fixes their compensation and terms of office.
The Board can adopt or amend implementing rules and regulations, determine the organizational framework and staffing, fix salaries and allowances, hire personnel on a contractual basis, contract loans and indebtedness, and promulgate rules necessary for the achievement of the PCSO's objectives.
Such property cannot be sold or disposed of without approval from the Office of the President (Prime Minister), and upon dissolution of the institution, all property shall transfer to the Philippine Government.
Yes, the Board may apply up to ten percent (10%) of the net receipts to approved investments pursuant to Section 1(B) of the Act.