Agricultural Fund Contribution Reduction Act

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Commonwealth Act No. 649: Agricultural Fund Contribution Reduction Act

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Title Supreme Court: Agricultural Fund Contribution Reduction Act

Law: Commonwealth Act No. 649

Decision Date: Jun 16, 1941

Commonwealth Act No. 649 reduces the contribution of provinces and municipalities to the Agricultural Fund and amends the provisions regarding its creation, aiming to allocate a specific percentage from the general funds of each municipality and provincial board for agricultural purposes.

agricultural fund

provinces

municipalities

Composition and Purpose

The Agricultural Fund is a special fund constituted collectively by the contributions from the provincial board and the municipalities or municipal districts under its jurisdiction.
The fund aims to support agricultural development initiatives within the territory.

Amendments to Existing Law

The provisions amend Section 1813-H of the Administrative Code as inserted by Commonwealth Act Number 85, thereby refining the regulation on agricultural fund contributions.

Implementation and Effectivity

The Act became effective immediately upon its approval on June 16, 1941, ensuring prompt enforcement of the provisions.

END