Capitalization, Revolving Fund, and Dollar Quota Allocation
- The section title now includes capital, revolving fund, and dollar quota allocation, reflecting expanded financial mechanisms.
Appropriations and Operating Expenses
- The Board of Directors can appropriate from NAMARCO’s gross earnings each fiscal year an amount not exceeding two million pesos for operational expenses, subject to the President’s approval.
- Appropriation from authorized capital for operating expenses is prohibited.
- Priority in hiring is given to former NAMARCO or PRISCO employees who are civil service eligibles if the staff is increased.
- Unexpended balances for overhead revert to the revolving fund at fiscal year-end.
- Net earnings of NAMARCO also accrue to the revolving fund.
Foreign Exchange Allocation and Importation Limits
- Central Bank is authorized to allocate at least $20 million annually in foreign exchange to NAMARCO.
- At least $5 million of this must be used to purchase essential or highly essential consumer goods as classified by Central Bank.
- NAMARCO shall not import a commodity if there is sufficient local supply at reasonable prices.
Penalties for Violations and Enforcement
- Penalties include imprisonment (2 months to 6 years), fines (₱200 to ₱6,000), or both for various offenses related to NAMARCO goods.
- Offenses include selling above maximum price, removing the "NAMARCO" mark, hoarding for black marketing, refusal to sell displayed or stocked merchandise, false sales, price manipulation, and violation of related rules/regulations.
- NAMARCO distributors or retailers found guilty are perpetually disqualified from reappointment.
- Alien offenders subject to deportation upon conviction.
- Corporate liability is extended to top officers (president, managing director, or manager).
- Rules and regulations take effect 30 days after publication in the Official Gazette.
Effectivity
- The amendments take effect immediately upon approval.