Question & AnswerQ&A (EXECUTIVE ORDER NO. 640-A)
The Cultural Center of the Philippines is designated to implement the policy.
The Filipino Motion Picture Development Board is created as an arm of the Cultural Center of the Philippines to perform various powers and duties to promote the motion picture industry.
1. Establish and maintain the Film Academy of the Philippines to recognize significant contributions to the film industry. 2. Establish and maintain the Film Fund to provide financial assistance to film projects. 3. Establish and maintain the Board of Standards to create a national film rating and classification system.
The Film Academy of the Philippines is an institution established to recognize efforts and accomplishments in the development of motion picture art and science, and to professionalize the industry through educational programs, scholarships, and guild formations.
The Board of Standards formulates and administers a national film rating and classification system, and administers and enforces a system of tax incentives based on film ratings.
The Board has seven members: the Chairman of the Cultural Center of the Philippines as Chairman, the Director-General for the Film Academy, the Film Fund, the Film Archives, the Board of Standards, and two representatives of the Cultural Center of the Philippines.
The Chairman of the Cultural Center of the Philippines appoints the Director-Generals. The Director-Generals for the Film Academy, Film Archives, and Board of Standards serve two-year terms, while the Director-General for the Film Fund serves a one-year term without immediate reappointment.
It is a non-stock corporation affiliated to the Cultural Center of the Philippines to assist in financial growth and stability of the motion picture industry, such as organizing international film festivals, constructing facilities, importing raw materials to lower costs, and engaging in film production ventures by Filipino citizens.
An initial amount of One Million Pesos (P1,000,000.00) was appropriated, with an annual budgetary appropriation of Ten Million Pesos (P10,000,000.00) thereafter, subject to applicable laws, rules, and regulations.