Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same:

SECTION 1. Section one of Act Numbered Thirty-five hundred, as amended by Act Numbered Thirty-six hundred and thirty-seven, is hereby further amended to read as follows:

"SECTION 1. The sum of five million pesos is hereby appropriated out of any funds in the Insular Treasury not otherwise appropriated, to constitute a revolving fund for the construction of permanent bridges on insular or provincial roads in the Philippines, which shall be expended under the supervision of the Secretary of Public Works and Communications. Said bridges shall be declared toll bridges for a period not exceeding twenty years and tolls shall be collected from all traffic using such bridges in accordance with rates to be fixed by a board composed of the Secretary of Public Works and Communications as chairman, the Secretary of Finance, and the Secretary of the Interior and Labor, as members: Provided, however, That no toll charges shall be collected from pedestrians."

SEC. 2. Section three of the same Act is hereby amended to read as follows:

"SEC. 3. The provincial treasurer of the province where a toll bridge is constructed in accordance with this Act, shall be in charge of toll collections and toll collectors duly bonded, shall be appointed by him at salaries to be approved by the Secretary of Public Works and Communications chargeable to toll collections. The collections made by the provincial treasurer from each toll bridge, after deducting the salaries of toll collectors, shall be turned over to the Insular Treasurer and credited to the revolving fund, herein created, and shall be available for the construction of other bridges until all important bridges that can be financed under the provisions of this Act are completed when the balance remaining in said revolving fund shall revert to the general fund of the Insular Treasury: Provided, however, That the cost of constructing and maintaining suitable gates and quarters for collectors to facilitate the collection of tolls, including the purchase of necessary equipment for checking, verifying and safeguarding funds collected, shall be considered a proper and legitimate part of the cost of collecting said tolls."

SEC. 3. Section six of the same Act is hereby amended to read as follows:

"SEC. 6. The board created in section one of this Act may also authorize, alter public advertisement in the Official Gazette for a period of not less than ten days, any individual, firm, company, or corporation, provided such individual is a citizen of the United States or of the Philippines or such firm, company, or corporation is owned and capitalized by citizens of the United States or of the Philippine Islands, that submits the most advantageous proposal to construct at its own expense any bridge designated by said board in accordance with plans and specifications prepared by the Bureau of Public Works and subject to the supervision of said Bureau. Such individual, firm, company, or corporation shall be further authorized to collect tolls for a period not exceeding twenty years, the schedule for which shall be approved by said board."

SEC. 4. This Act shall take effect on its approval.

Approved, February 18, 1933.