Use and Special Conditions of Funds
- Funds to be used as specified with adherence to applicable provisions of Republic Act No. 9336 and FY 2005 General Appropriations Act.
- Specific allocation of PHP 1 billion for school buildings divided equally for construction/completion and rehabilitation/retrofitting, to be managed by DPWH.
- Participation of NGOs encouraged in school building construction with budget and unit size limits specified.
- Priority for school building funds given to areas with acute classroom shortage defined by specific criteria (student-classroom ratio, temporary classrooms, or lack of classrooms).
- Salary upgrades for BFP, BJMP, and pay increase for PPSC cadets effective July 1, 2006.
- ECC counterpart release subject to board approval and consultation with DBM.
- GSIS and HDMF contribution arrear payments subject to specific reconciliation and readjustment conditions.
- Pension arrears to World War II Veterans through Philippine Veterans Affairs Office funded.
- Commission on Elections funds strictly for election preparations per RA 7166.
Reimbursement of Expenses for Guimaras Oil Spill
- DBM, Department of Finance, and NDCC to seek reimbursement from International Oil Pollution Compensation Fund and other sources for government expenses related to cleanup and assistance due to Guimaras oil spill.
Automatic Appropriations for Local Government Units
- Stipulates that future IRA shares of LGUs are to be automatically appropriated without need for separate release.
Release of Funds
- Budget releases by DBM to departments, bureaus, agencies, and LGUs shall comply with budgeting laws, rules, and regulations.
Oversight Committee for Guimaras Oil Spill Funds
- Creation of a six-member Joint Congressional Oversight Committee co-chaired by Senate Finance and House Appropriations committee chairpersons.
- Inclusion of committees on Environment & Natural Resources and Ecology plus minority-designated members.
- NDCC required to submit bi-monthly utilization reports to the committee.
Implementing Rules and Regulations
- Mandate for DBM to issue rules for implementation, including salary upgrades for uniformed personnel and PPSC cadets.
Effectivity
- Act takes effect immediately upon enactment into law.