Appropriating funds for 1956 Olympic expenses

Appropriating funds for 1956 Olympic expenses

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Title Supreme Court: Appropriating funds for 1956 Olympic expenses

Law: Republic Act No. 1590

Decision Date: Jun 16, 1956

Republic Act No. 1590 appropriates two hundred thousand pesos from the National Treasury to the Philippine Amateur Athletic Federation for expenses incurred in the 1956 Olympics, with disbursement and return of unexpended balances subject to approval and regulations.

financial assistance

Appropriation and authorized use

Section 1 appropriates PHP 200,000 out of any funds in the National Treasury not otherwise appropriated.
Section 1 appropriates the sum as aid to the Philippine Amateur Athletic Federation.
Section 1 limits the aid to the expenses the Federation will incur in the Olympics of nineteen hundred and fifty-six.
Section 1 specifies that the 1956 Olympics will be held in Melbourne, Australia.

Disbursement requirements and reversion

Section 2 requires disbursement through the Philippine Amateur Athletic Federation.
Section 2 conditions disbursement on the approval of the President of the Philippines.
Section 2 subjects the disbursement to the established rules and regulations covering the expenditures of public funds.
Section 2 mandates that all unexpended balances revert to the general fund.

Governing implementation controls

Section 2 requires compliance with the established rules and regulations covering the expenditures of public funds for the permitted Olympic aid expenditures.
Section 2 places the presidential approval requirement as the gatekeeping condition for disbursement of the appropriated funds.

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