QuestionsQuestions (Republic Act No. 902)
The main purpose of Republic Act No. 902 is to appropriate an additional sum of twenty million pesos for the 'Counterpart Fund' to carry out the purposes of Republic Act No. 604.
An additional sum of twenty million pesos was appropriated.
The sum shall be appropriated out of any funds in the National Treasury not otherwise appropriated.
The 'Counterpart Fund' is constituted under Republic Act Numbered Six Hundred and Four (RA No. 604).
The appropriated funds must be spent in accordance with the provisions of Republic Act No. 604.
The appropriation shall be available for expenditure until exhausted even after June 30, 1954.
This Act took effect upon its approval on June 20, 1953.
No, it only provides additional funds to carry out the purposes already defined under Republic Act No. 604.
A 'Counterpart Fund' in this context is a special fund allocated to support specific government programs or projects authorized under earlier legislation.
No, the Act focuses solely on the appropriation of additional funds and does not specify penalties or procedural requirements.