Amending R.A. 3680 re: PMMA ships funding

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Republic Act No. 4823: Amending R.A. 3680 re: PMMA ships funding

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Title Source: Supreme Court: Amending R.A. 3680 re: PMMA ships funding

Law: Republic Act No. 4823

Decision Date: Jun 18, 1966

An amendment to Republic Act No. 3680, Republic Act No. 4823 appropriates funds from reparations received from Japan to support the operation and maintenance of a laboratory ship and training ship for the Philippine Merchant Marine Academy.

Law Summary

Appropriation for Laboratory and Training Ships

A sum of five hundred thousand pesos (₱500,000) is appropriated for the fiscal year 1966-1967.
The funds are allocated for:
- Operation and maintenance of one laboratory ship.
- Procurement and maintenance of one training ship.
These ships are intended to be funded from reparations received from Japan.
The source of funds is from the National Treasury, specifically those not otherwise appropriated.

Future Funding Provisions

Following the fiscal year 1966-1967, all necessary amounts for maintenance and operation of the Philippine Merchant Marine Academy, including its ships, are to be included in the annual General Appropriations Act.
This ensures a continuous and stable source of funding post the initial appropriation.

Effectivity Clause

The amendment takes effect immediately upon its approval by the proper legislative authority.
The approval date is June 18, 1966.

END