Law Summary

I. Title and Approval

• The document is titled Republic Act No. 4823, which was approved on June 18, 1966.
• The Act amends Section 14 of Republic Act No. 3680.

II. Amendment to Section Fourteen

• Legal Principle/Provision: The amendment appropriates funds for the operation and maintenance of a laboratory ship and a training ship.
• Key Definitions Introduced:
  • "Laboratory Ship": A vessel intended for educational and research purposes.
  • "Training Ship": A vessel designated for the training of maritime professionals.
• Important Requirements/Procedures Outlined:
  • A total of five hundred thousand pesos is appropriated from the National Treasury for the fiscal year 1966-1967.
  • The funds designated are specifically for the operation and maintenance of one laboratory ship and one training ship.
• Relevant Timeframes/Deadlines:
  • The appropriation is for the fiscal year 1966-1967.
  • Future funding for the Philippine Merchant Marine Academy, including its ships, will be included in the annual General Appropriations Act.
• Penalties, Liabilities, or Consequences Mentioned: No specific penalties or liabilities are outlined in this provision.

III. Effectivity

• Legal Principle/Provision: This Act shall take effect upon its approval.
• Important Requirements/Procedures Outlined: The immediate effectivity upon approval signifies the urgency of the provisions.

IV. Cross-References

• The amendment refers to Republic Act No. 3680, which governs the establishment and operation of the Philippine Merchant Marine Academy.

Key Takeaways

• Republic Act No. 4823 amends funding provisions for maritime education by appropriating five hundred thousand pesos for specific vessels.
• The Act ensures that future maintenance and operational costs of the Philippine Merchant Marine Academy will be included in the General Appropriations Act.
• The law takes effect immediately upon approval, signifying its importance to maritime education and training.