[ PRESIDENTIAL DECREE NO. 518, July 22, 1974 ]
AMENDING THE PROVISIONS OF SECTION 6 (d) PERTAINING TO THE DISCRETIONARY FUND, PRESIDENTIAL DECREE NO. 17, AS AMENDED BY PRESIDENTIAL DECREES NOS. 130 and 320.
SECTION 1. The provisions of Section 6, subparagraph (d) of Presidential Decree No. 17, as amended by Section 2, Presidential Decree No. 320, is hereby further amended to read as follows:
"(d) Discretionary Fund. — Ten per centum of the Highway Special Fund shall be allotted to the Discretionary Fund under the control of the Secretary of Public Highways to be used: first, to augment any deficiency in the allotment for the administrative expenses; for payment of gratuity benefits and the money value of accrued leaves; for payment of compensation benefits to employees who become sick and/or injured in the course of employment; second, to increase other allotment; provided for in this Act; third, for the construction of emergency landing fields. All unexpended portion of this fund shall be carried over to the next fiscal year for the same purpose."
SEC. 2. This Decree shall take effect immediately.
Done in the City of Manila, this 22nd day of July, in the year of Our Lord, nineteen hundred and seventy-four.
(Sgd.) |
FERDINAND E. MARCOS | ||||||
President of the Philippines | |||||||
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By authority of the President: | ||||||
(Sgd.) |
ALEJANDRO MELCHOR | ||||||
Executive Secretary |