Repeal and Renumbering of Provisions
- Section 9 of Republic Act No. 8794 is repealed.
- The succeeding Section 9 is renumbered as Section 8 and amended.
Joint Promulgation of Implementing Rules and Regulations
- The secretaries of the Department of Budget and Management (DBM), Department of Public Works and Highways (DPWH), and Department of Transportation (DOTr) are mandated to jointly issue rules and regulations.
- These rules must be promulgated within thirty (30) days from the effectivity of this Act.
- The regulations should ensure prudent, wise, effective, and efficient utilization of the special funds.
- The rules may include structural and procedural improvements in the systems and agencies concerned.
Abolition of the Road Board
- The Road Board previously created under Republic Act No. 8794 is abolished.
Personnel Absorption, Separation, and Retirement Benefits
- The DPWH shall absorb employees of the abolished Road Board's secretariat as needed without salary or benefit reductions.
- Employees separated as a result of abolition shall receive separation benefits under Republic Act No. 6656.
- Eligible employees may opt for retirement and shall receive retirement benefits under applicable laws, rules, and regulations.
Transfer of Rights, Assets, and Liabilities to DPWH
- By virtue of this Act, DPWH is subrogated to all rights and assumes all obligations and liabilities of the Road Board.
- All records, property, assets, equipment, and funds of the Road Board, including unexpended appropriations, are transferred to DPWH.
Creation of Congressional Oversight Committee
- A Congressional Oversight Committee is created to monitor the implementation of the law and the use of the special funds.
- The Committee consists of five Members from the House of Representatives and five Senators.
- Appointments are made respectively by the Speaker of the House and the President of the Senate.
- One member from both the Minority in the House and the Senate must be included.
- The Committee is jointly chaired by a member from each chamber designated by their respective leaders.
Separability Clause
- If any provision is declared unconstitutional or invalid, the remaining provisions shall continue to be in full force and effect.
Repealing Clause
- All laws, decrees, orders, rules, and regulations conflicting with the provisions of this Act are repealed or modified accordingly.
Effectivity Clause
- The Act takes effect fifteen (15) days after its publication in the Official Gazette or a newspaper of general circulation.