BATAS PAMBANSA BLG. 556

Legal Principle: This section provides for the conversion of the Camarines Norte High School located in the Municipality of Daet, Province of Camarines Norte, into a national high school.
Key Definitions:
- "Camarines Norte High School" is the institution being converted.
- "Camarines Norte National High School" is the new name for the converted institution.
Important Requirements/Procedures: No specific procedural requirements are outlined in this section.
Relevant Timeframes: The conversion is effective immediately upon the enactment of this law.
Consequences: The institution will operate under the designation of a national school, which may implicate changes in governance and funding.

Legal Principle: This section details the financial mechanisms to support the operation of the newly designated national high school.
Key Definitions:
- "One hundred thousand pesos" is allocated for initial operations.
- "Batas Pambansa Blg. 230" refers to the law authorizing appropriations for education.
Important Requirements/Procedures:
- The initial funding of PHP 100,000 is sourced from appropriations for new national high schools as stated in Batas Pambansa Blg. 230.
- An additional amount equivalent to 50% of the school’s previous budgetary aid will be released from the national assistance fund for local schools.
- Future operational and maintenance costs will be included in the annual General Appropriations Act.
Relevant Timeframes: The funding provisions will apply following the enactment of this law.
Consequences: Ensures that the school has immediate funding for its operations and establishes a framework for ongoing financial support.

Legal Principle: This section states the effective date of the law.
Key Definitions: None specified.
Important Requirements/Procedures: The law takes effect upon its approval.
Relevant Timeframes:
- The law was approved on June 24, 1983.
Consequences: The immediate operationalization of the new national status of the school.

The law converts Camarines Norte High School into Camarines Norte National High School, effective immediately upon approval.
It allocates an initial funding of PHP 100,000 for the school's operations, with additional funding provisions based on previous budgetary aid.
Ongoing financial support is mandated to be included in the annual General Appropriations Act, ensuring long-term operational viability for the school.