Funds for Taal Volcano Victims via Postal Stamps

Funds in the special trust fund are not to be withdrawn except as mandated.
Full fund generation required before withdrawal, except for an amount specified in Section 4.
Rehabilitation Committee may secure a long-term loan (up to six million pesos) from GSIS or SSS pending full fund generation.
Loan to bear interest not exceeding 3% per annum, secured solely by stamp sale proceeds.
Sales proceeds first applied to amortization, with excess payments reducing interest costs.

Only agricultural tenants or owners cultivating land at eruption time are eligible if their land was rendered useless, barren, or unfit.
A Rehabilitation Committee is created with specified government officials and presidential appointees.
Committee has exclusive control and management of the special trust fund.
The Committee compiles the list of qualified beneficiaries within 60 days of the Act’s approval.
The Committee ceases to function once funds are fully disbursed.

Funds used to purchase agricultural land, preferably in Batangas, distributed in five-hectare lots per family.
Construction of houses for beneficiaries capped at one thousand pesos each.
Prioritizes land distribution to those unable to find other livelihoods.
Larger families receive priority if funds are insufficient.
Surplus land reverts to public domain, disposed of per Public Land Act with priority to Taal Lake area inhabitants.
Remaining funds used for agricultural inputs and infrastructure like access roads.

Authority to issue implementing rules and regulations in accordance with the Act.
Power to create necessary forms, issue subpoenas, and access public records.
May utilize government employees without additional compensation for clerical support.
Required to maintain books of accounts subject to government auditing.
Provincial Auditor of Batangas serves as ex officio auditor.

If land becomes arable again and the area declared safe, original landowners may revert to original lands.
If original land is reclaimed, forfeiture of grant land (five hectares) and improvements in favor of government is required.
Alternatively, beneficiaries may keep granted lands, forfeiting equivalent area from original land.
Forfeited lands revert to public domain under Public Land Act.
Applications processed by Bureau of Lands if Rehabilitation Committee no longer exists.

Initial appropriation of thirty thousand pesos for printing costs reimbursed from the special trust fund.
Subsequent printing costs to be paid from the special fund.

Act takes effect immediately upon approval without Executive approval on June 18, 1966.