Title
Commonwealth Act No. 418
Date
May 22, 1939
Commonwealth Act No. 418 allocates ₱250,000 from oil excise tax funds to expedite the agronomical survey of the Philippines, overseen by the Secretary of Agriculture and Commerce with the President's approval.
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Law Summary

1. Appropriation of Funds

  • Explanation: This section outlines the allocation of funds from the oil excise tax for a specific purpose.
  • Key Definitions:
    • Oil Excise Tax Funds: Revenue collected from taxes levied on oil products, earmarked for specific governmental uses.
  • Important Requirements or Procedures:
    • The sum of two hundred and fifty thousand pesos is appropriated from the oil excise tax funds.
    • The funds are designated for the Secretary of Agriculture and Commerce to expedite the agronomical survey.
  • Relevant Timeframes: The act takes effect upon its approval on May 22, 1939.

2. Appointment of Technical Personnel

  • Explanation: This provision grants authority to the Secretary of Agriculture and Commerce to enhance the survey team.
  • Key Definitions:
    • Technical Personnel: Additional experts or specialists required for the agronomical survey.
  • Important Requirements or Procedures:
    • The Secretary is authorized to appoint additional personnel as needed, subject to the President's approval.
    • The Secretary also has the authority to fix the compensation for these personnel.

3. Reporting Requirements

  • Explanation: This section mandates the Secretary to report the findings of the survey to the National Assembly.
  • Key Definitions:
    • National Assembly: The legislative body of the Philippines responsible for enacting laws.
  • Important Requirements or Procedures:
    • Upon completion of the agronomical survey, the Secretary must prepare a report detailing the results and provide recommendations.

4. Effectivity

  • Explanation: This clause states when the law becomes operational.
  • Important Requirements or Procedures:
    • The Act is effective immediately upon its approval, ensuring prompt access to the appropriated funds.

Key Takeaways

  • Commonwealth Act No. 418 appropriates ₱250,000 from oil excise tax funds for the agronomical survey of the Philippines.
  • The Secretary of Agriculture and Commerce is empowered to appoint necessary technical personnel with the President’s approval.
  • A report on the survey's findings and recommendations must be submitted to the National Assembly upon completion.
  • The Act is effective immediately upon approval, facilitating urgent action towards the agronomical survey.

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