Amendment on Tobacco Ficing Program

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PRESIDENTIAL DECREE NO. 1976: Amendment on Tobacco Ficing Program

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Title Supreme Court: Amendment on Tobacco Ficing Program

Law: Presidential Decree No. 1976

Decision Date: Jun 10, 1985

An amendment to Republic Act No. 1135 establishes the Cigar Tobacco Industry Promotion and Market Stabilization Fund, aiming to revitalize the tobacco industry in the Philippines by improving its financing program through the Philippine Tobacco Administration.

tobacco industry

financing program

A

Purpose of the Fund

The fund aims to support the revitalization and improvement of the financing program for the tobacco industry.
The Philippine Tobacco Administration is the agency empowered to utilize this fund to fulfill the objectives of the law concerning the tobacco industry.

Repeal and Modification of Conflicting Provisions

Provisions of existing laws, orders, or regulations that contradict or are incompatible with this decree are repealed or modified accordingly.

Effectivity

The decree takes immediate effect upon its signing.

Legal Authority

Issued under the authority of the Philippine President pursuant to the Constitution and Presidential Decree No. 1416, as amended.

END