(1) Common shares of three billion seven hundred fifty million (3,750,000,000) equivalent to Three hundred seventy five billion pesos (P375,000,000,000.00), to be subscribed by the National Government, its agencies or instrumentalities, including government-owned or -controlled corporations (GOCCs) or government financial institutions (GFIs): Provided, That one billion two hundred fifty million (1,250,000,000) shares equivalent to One hundred twenty-five billion pesos (P125,000,000,000.00) shall initially be subscribed by the following:

(a) Land Bank of the Philippines - Fifty billion pesos (P50,000,000,000.00);

(b) Development Bank of the Philippines - Twenty-Five billion pesos (P25,000,000,000.00); and

(c) National Government - Fifty billion pesos (P50,000,000,000.00);

Provided, further, That of the One hundred twenty-five billion pesos (P125,000,000,000.00), Seventy-five billion pesos (P75,000,000,000.00) pertaining to the contributions of the Founding GFIs shall be fully paid by them. Within five (5) days from the effectivity of the IRR, the contributions shall be deposited to the account of the Treasurer of the Philippines for the benefit of the MIC.

The details of the transfer of the contributions from the account of the Treasurer of the Philippines to the MIC shall be discussed at the organizational meeting of the Board. The Bureau of Treasury (BTr) shall transfer the contributions to the account of MIC within five (5) business days from receipt of the relevant Board Resolution.

The Fifty billion pesos (P50,000,000,000.00) pertaining to the NG contributions shall be deposited in the MIC designated account in accordance with the Instruction of the Secretary of Finance; and

(2) Preferred shares of one billion two hundred fifty million (1,250,000,000) equivalent to One hundred twenty-five billion pesos (P125,000,000,000.00) to be made available for subscription by the National government, its agencies or instrumentalities, GFIs or GOCCs, as well as reputable private financial institutions and corporations, except Social Security System (SSS), Government Service Insurance System (GSIS), Philippine Health Insurance Corporation (PhilHealth), Home Development Mutual Fund (Pag0Ibig Fund), Overseas Workers Welfare Administration (OWWA), and Philippine Veterans Affairs Office (PVAO) Pension Fund: Provided, That preferred shares shall be non-voting, non-participating, non-convertible, and may be issued from time to time by the Board of Directors in one or more series, specifying the relative rights, preferences and further limitations thereof.

For this purpose, the right to vote of the stockholders in accordance with Section 6, 31, 32, 33, 37, 38, 39, 41, 42, 43, 45, 47, 61, and 76 of the Revised Corporation Code shall not apply in so far as the preferred shareholders are concerned.

Additional investment may likewise be sourced from investments of reputable private and State-owned financial institutions and corporations in the form and under the terms and conditions that the Board of Directors may prescribe. A single private sector shareholder's interest includes the direct or indirect shareholdings in MIC held by the shareholder, as well as those held by the corporation, its subsidiaries, affiliates, and related parties that are owned or controlled directly or indirectly by the shareholder.

The contribution of the National Government shall come from the following sources:

(a) Bangko Sentral ng Pilipinas (BSP) Dividends. For the first and second fiscal years upon the effectivity of R.A. No. 11954, One hundred percent (100%) of the BSP's total declared dividends, as computed under Republic Act No. 7653, also known as the "New Central Bank Act", amended by Republic Act No. 11211, shall be remitted to the National Government for the capitalization of the MIC, in the amount not exceeding the Fifty billion pesos (P50,000,000,000.00) initial subscription of the National Government to the capitalization of the MIC under this section: Provided, That the Monetary Board may recommend to the President of the Philippines the reduction of BSP's dividend contribution to the MIC whenever economic conditions may warrant. Thereafter, the dividends of the BSP shall be remitted to the National Government to fund the increase in the capitalization of the BSP in accordance with Section 2 of Republic Act No. 7653, as amended by Republic Act No. 11211.

(b) Government Share in Philippine Gaming Corporation (PAGCOR). Ten percent (10%) of the National Government's share from the income of the PAGCOR, as provided for in Presidential Decree No. 1869, as amended: Provided, That the share earmarked for the Universal Health Care Act under Sec. 37(b) of Republic Act No. 11223 shall not in any matter be diminished: Provided, further, That the above funding from PAGCOR will be for a period of five (5) years. Other government-owned gaming operators and/or regulators shall also contribute ten percent (10%) of their revenues from gaming operations. Within thirty (30) days from the effectivity of the Implementing Rules and Regulations, the Governance Commission for GOCCs (GCG) shall submit the list of government-owned gaming operators and/or regulators that should remit to the MIC. The list shall be updated annually, or as often as necessary. The remittance of revenues of gaming operators and/or regulators shall be for five (5) years.

PAGCOR and other government-owned gaming operators and/or regulators shall remit the National Government's share to the Bureau of the Treasury (BTr). Thereafter, the BTr shall immediately release and transfer the portion intended for the MIF to the MIC, subject to the usual budgeting, accounting, and auditing rules and regulations.

(c) Department of Finance - Privatization and Management Office (DOF-PMO).

(i) Properties, real and personal, identified by the Privatization Council. The real and personal properties to be identified by the Privatization Council to be contributed to the MIC shall be directly related to its mandate. The properties to be contributed to the MIC shall be appraised at their fair market value at the time of their transfer. The title, as well as all rights and obligations pertaining thereto, shall be transferred to the MIC: Provided, That the MIC shall in no case be held liable for outstanding tax liabilities of the properties; and

(ii) Proceeds from the privatization of government assets, the amount of which shall be determined by the Privatization Council consistent with the fiscal program of the government.

(d) Other sources based on the fiscal regime to be implemented by the National Government, which may include but not limited to the following:

(i) Royalties;

(ii) Special assessments; and

(iii) Shares of stock owned by the Republic of the Philippines; subject to laws, rules, and regulations applicable to the transfer and disposition of said shares.

Except for item (ii), other contributions to the MIC capitalization shall be determined by subsequent law, or any appropriate body, as applicable.

The Founding GFIs and the National Government may, upon recommendation of the Advisory Board, and without prejudice to additional subscription and payment, use its stock dividends from its unappropriated retained earnings in the MIC, to subscribe and pay for the balance of the authorized capital stock.

The government agencies and GOCCs providing for the social security and public health insurance of government employees, private sector workers and employees, and other sectors and subsectors, such as, but not limited to, the SSS, GSIS, Philhealth, Pag-Ibig Fund. OWWA, and PVAO Pension Fund shall be absolutely prohibited, whether mandatory or voluntary, to contribute to the capitalization of the MIC.

(a) Establish a diversified portfolio of investments in the local and global financial markets and in other assets that promote the objectives of the Fund, which function shall include the crafting investment policies, guidelines and targets, and risk management limits and monitoring procedures;

(b) Manage and invest the initial and future contributions to the Fund in accordance with R.A. No. 11954;

(c) Accept and manage investment mandates whose investment purpose is to increase income for development goals;

(d) Develop and foster skills in finance, economics, risk mitigation, good governance, and other related areas, consistent with the capacity and capabilities build-up of human resources in the industry; and

(e) Implement international best practices in investing and managing assets in accordance with the Santiago Principles and other internationally-accepted standards and principles of transparency and accountability.

(a) Cash, foreign currencies, metals, and other tradeable commodities;

(b) Fixed income instruments issued by sovereigns, quasi-sovereigns and supranationals;

(c) Domestic and foreign corporate bonds;

(d) Listed or unlisted equities, whether common, preferred, or hybrids;

(e) Islamic investments, such as Sukuk bonds;

(f) Joint ventures or co-investments, mergers and acquisitions;

(g) Mutual and exchange-traded funds invested in underlying assets;

(h) Real estate and infrastructure projects: Provided, That investment in infrastructure projects shall be directed towards the fulfillment of national priorities such as the national infrastructure program of the Department of Public Works and Highways (DPWH) and other infrastructure agencies, the inclusive innovation industry strategy of the Department of Trade and Industry (DTI), and the public investment programs of the National Economic Development Authority (NEDA);

(i) Programs and projects on health, education, research and innovation, and other such investments that contribute to sustainable development;

(j) Loans and guarantees to, or participation into joint ventures or consortiums with Filipino and foreign investors, whether in the majority or minority position in commercial, industrial, mining, agricultural, housing, energy, and other enterprises, which may be necessary or contributory to the economic development of the country, or important to the public interest; and

(k) Other investments with sustainable and developmental impact aligned with Section 17 of R.A. No. 11954, as may be approved by the Board.

(a) Directions on the acceptable balance between risk and return of the overall portfolio;

(b) Investment policies, including asset allocation and rules on diversification across asset classes, geographies, sectors, required minimum credit ratings, policies that promote environment, social, and governance (ESG) principles, mandates, strategies, and guidelines on financing infrastructure projects and other investments, including Public Private Partnership projects;

(c) Risk management for the investments, including prudential standards and concentration limits to avoid undue risk concentration from exercise exposures;

(d) Standards for assessing the investment performance;

(e) Matters relating to international best practices for institutional investments;

(f) Matters specific to rules and regulations where investments are domiciled;

(g) Procedural framework and cooperation among investors, including fund commitments, co-investments, voting requirements, exit mechanisms, and other matter pertaining to the pooling of funds and the management thereof;

(h) Matters relating to the procedure for assessing, deploying, and liquidating investments;

(i) Disclosure and transparency mechanisms to oversee compliance by various department of the MIC with the standards, procedures and policies set by the Board;

(j) Aside from the potential earnings, the Board shall take into account risks other than economic, such as climate risks and those that are reported under rules and regulations of government agencies requiring ESG reporting as well as resource valuation studies and natural capital accounting in making investment decisions; and

(k) All other matters needed to be discussed to guarantee compliance with the objectives of the MIF.

(a) The Secretary of Finance shall sit as the Chairperson in an ex officio capacity;

(b) President and Chief Executive Officer (PCEO) of the MIC as Vice-Chairperson;

(c) President and CEo of the LBP;

(d) President and CEO of the DBP;

(e) Two (2) Regular Directors; and

(f) Three (3) Independent Directors from the private sector.

(a) Serve as an adviser to the Board of Directors on their responsibilities and obligations;

(b) Keep the minutes of meetings of the Board and its committees and furnish copies thereof to the PCEO and other members of the Board as appropriate;

(c) Keep in safe custody the seal of the MIC and affix it to any instrument requiring the same;

(d) Receive instructions from the PCEO on the preparation of an annual schedule, the calling of Board meetings, the preparation of regular agenda for meetings, and notifying the Board of such agenda at every meeting;

(e) Oversee the adequate flow of information to the Board prior to meetings; and

(f) Ensure fulfillment of disclosure requirements to regulatory bodies.

(a) Bachelor's degree in Law, or Master's degree in Business Administration, or related field;

(b) A minimum of five (5) years of experience in a similar role in a corporation, preferably a GFI or a similar financial institution;

(c) Extensive knowledge of corporate governance principles and managerial best practices, with ample knowledge on financial regulations and legislation;

(d) Organizational and interpersonal skills; and

(e) Fluency in English is a must, and knowledge of additional languages is a plus.

(a) Citizen of the Philippines;

(b) At least thirty-five (35) years of age; and

(c) Must be of good moral standing and reputation, of recognized probity and independence, and have substantial experience and expertise in any of the following:

(i) Corporate governance and administration;

(ii) Investment in financial assets; and

(iii) Management of investments in the global and local markets.

(a) Education. A master's degree is required. An advanced degree in finance, economics, business administration, or a related field is highly desirable;

(b) Professional Experience. A minimum of ten (10) years experience in finance, investments, economics, business, or a related field is required. This experience should ideally include roles at a senior management level or within a board of directors of reputable financial institutions, investment firms, or sovereign wealth funds;

(c) Track Record. Strong track record of (i) making strategic decisions, driving investment performance, (ii) understanding international financial markets, macroeconomic trends, and geopolitical influences, (iii) identifying and mitigating investment and operational risks, and (iv) ensuring prudent risk management practices; and

(d) Ethical Standards. Demonstrated commitment to the highest ethical standards, integrity, and compliance with relevant laws and regulations.

(a) Notarized Personal Data Sheet (PDS);

(b) Clearances from the: Civil Service Commission (CSC), Office of the Ombudsman (OMB), Sandiganbayan (SB) and the National Bureau of Investigation (NBI), when applicable;

(c) Relevant case documents, if the nominee has pending criminal and/or administrative case/s before a judicial or quasi-judicial body;

(d) Authorization to Secure Documents in Relation to Case(s) Files Against the Nominee, when applicable; and

(e) Recommendation/Endorsement Letter from civil service organizations and other relevant groups, when applicable.

(a) To direct the management and operations, and administration of the MIC;

(b) To approve and implement the Investment and Risk Management Guidelines and such other investment policies, guidelines, and parameters to effectively carry out the purposes of R.A. No. 11954;

(c) To set minimum criteria and targets for investments;

(d) To oversee the investment processes which may include asset allocation, portfolio construction, monitoring, and risk management;

(e) To approve the issuance of debt and debt-like instruments;

(f) To develop short, medium, and long-term strategies appropriate for investments;

(g) To meet and consult with the Advisory Board quarterly, or as may be necessary;

(h) To engage as may be necessary an International Advisory Consultant whose main responsibility is to advise the Board on its development strategy and investment business, equip executives and management with insights on geopolitical and macro-economic issues, international financial market conditions, and global investment trends;

(i) To engage external fund managers and investment advisors, as may be necessary, to manage the MIF;

(j) To declare dividends in accordance with law and subject to the provisions of Republic Act No. 7656;

(k) To determine in accordance with Republic Act No. 10149, or the "GOCC Governance Act of 2011", the organizational structure, staffing pattern, number of personnel of the MIC, and define their duties and responsibilities as well as their compensation and other emoluments: Provided, That the Board shall determine the positions that are highly technical, including their compensation and other emoluments, and bonuses: Provided, further, That in all cases, such compensation and emoluments shall be comparable with the prevailing rates in the private sector. The organizational structure, staffing pattern and compensation structure of the MIC shall be subject to the approval of the President of the Philippines;

(l) To exclusively prescribe a system for performance standards and evaluation for officials and employees of MIC;

(m) To set the criteria and procedures for termination of employment of officials and employees for:

(1) Gross violation of the provisions of R.A. No. 11954 or investment policies and guidelines set by the Board of Directors;

(2) Commission of acts inimical to the MIF or the Republic of the Philippines, such as any loss suffered by the Fund caused by negligence, willful misconduct, fraud, or actions in breach of any Investment Agreement; and/or

(3) Failure to meet performance standards set by the Board of Directors.

(n) To appoint key and critical officials and employees as may be necessary to assist the Board of Directors in carrying out its functions;

(o) To submit semestral reports on investment performance to the Advisory Body and to the President of the Philippines;

(p) To review and certify the MIC/MIF financial statements;

(q) To act as Trustee of the MIF and such other assets as may be assigned to it and direct how it assets are managed;

(r) To constitute an Audit Committee from among its members. The Audit Committee shall recommend to the Board the engagement of an external auditor and oversee the internal and external audits mandated under R.A. No. 11954;

(s) To perform other functions, duties and responsibilities necessary, related and incidental to the performance of the above-mentioned powers and functions;

(t) To create, set up, and launch one or more sub-funds within the Fund, each of which shall have its specific investment objectives and strategies to be determined by the Board of Directors in line with the investment objectives and policies of the Fund; and

(u) To create, by resolution, other committees that the Board may deem necessary in the management of the Corporation's affairs, or as may be required by law or by rules and regulations, including, but not limited to the following:

(1) Corporate Governance Committee; and

(2) Remuneration Committee.

(a) convicted by final judgment of an offense punishable by imprisonment for a period exceeding six (6) years;

(b) found administratively liable for any offense involving fraudulent acts;

(c) convicted by final judgment or found liable by a foreign court or equivalent foreign regulatory authority for acts, violations, or misconduct similar to those enumerated in paragraph (a) and (b) above; and

(d) or has a pending administrative, civil or criminal case relating to fraud, plunder, corrupt practices, money laundering, tax evasion, or any similar involving misuse of money or breach of trust.

(a) Financial and material interest. - The members of the Board of Directors shall not, directly or indirectly, have any financial and/or material interest in any transaction requiring the approval of their office. Upon knowledge of a potential or actual conflict of interest, the Director shall immediately inform the Board of such conflict for its appropriate action. The concerned Director shall inhibit himself/herself from the discussion and action on the relevant transaction;

(b) Outside employment and other activities related thereto.

(1) Regular and Independent Directors during their incumbency shall not own, control, manage or accept employment as officer, employees, consultant, counsel, broker, agent, trustee or nominee in any private enterprise that has a material transaction with, or whose interest directly competes or in conflict with the MIC, unless expressly allowed by law;

(2) Regular Directors shall not engage in the private practice of their profession unless authorized by the Constitution or law, provided, that such practice will not conflict or tend to conflict with their official functions; and

(3) Regular Directors shall neither recommend any person to any position in a private enterprise which has a regular or pending official transaction with their office, unless such recommendation or referral is mandated by (1) law, or (2) international agreements, commitment, and obligation, or part of the functions of his office.

(a) If the Director subsequently possesses the disqualifications under Section 20 of RA No. 11954;

(b) If the Director is physically or mentally incapacitated that the Director cannot properly discharge his duties and responsibilities and such incapacity has lasted for more than six (6) months; or

(c) If the Director is guilty of acts or operations which are of fraudulent or illegal character or which are manifestly opposed to the aims and interest of the MIC.

(a) Provide strategic leadership, vision, and management for the fund's overall operations, aiming to maximize return on investment and contribute to the long-term economic prosperity of the nation;

(b) Design and execute strategic initiatives that resonate with the fund's objectives and align with the country's broader financial and economic strategies;

(c) Prepare the agenda for the meetings of the Board of Directors and to submit for the consideration of the Board of Directors the policies and measures which are necessary to carry out the purposes and provisions of R.A. No. 11954;

(d) Executive and administer the policies and measures approved by the Board of Directors;

(e) Develop the MIC's business prospects by studying economic trends and revenue opportunities; projects acquisition and expansion prospects; and oversee financial performance and risk profiles while ensuring that all of the regulatory obligations are met' and

(f) Exercise such other powers as may be vested by the Board of Directors.

(a) Expert knowledge of financial markets, investment instruments, and portfolio management strategies;

(b) Proficiency in quantitative analysis, financial modeling, and risk assessment;

(c) Familiarity with relevant investment management software and tools;

(d) Strong understanding of regulatory and compliance requirements in the investment industry;

(e) Visionary leadership and strategic thinking to set clear investment goals and objectives;

(f) Excellent communication and interpersonal skills to collaborate with diverse stakeholders;

(g) Decision-making prowess under uncertainty and a track record of sound judgment;

(h) Exceptional problem-solving skills and the ability to adapt to dynamic market conditions; and

(i) Strong ethical standards and commitment to responsible investing practices.

(a) One (1) Independent Director as Chairperson;

(b) One (1) ex officio members of the Board;

(c) One (1) Regular Director; and

(d) Two (2) senior executives of the MIC, one of whom is the Chief Risk Management Officer or officer equivalent in rank.

(a) Oversee the implementation and ensure the effectiveness of the risk management framework approved by the Board;

(b) Ensure adherence to Board-approved risk appetite;

(c) Ensure the independence of the risk management function;

(d) Develop, review and approve risk policies and procedures to ensure alignment of risk management objectives with overall business strategies and performance goals;

(e) Oversee that policies/guidelines are in place to ensure prudence and compliance to regulatory standards pertaining to capital and liquidity;

(f) Assist in identifying and assessing risks by providing guidance and expertise, ensuring comprehensive risk identification across various areas of operation;

(g) Establish risk management measurement, methodologies and evaluating the adequacy of risk assessment techniques employed by the organization;

(h) Review risk reports to ensure they provide accurate and relevant information; and

(i) Update the Board of Directors on risk-related matters.

(a) One (1) Independent Director as Chairperson, who shall have an audit, accounting, or finance background;

(b) One (1) ex officio member of the Board;

(c) One (1) Regular Director; and

(d) Two (2) senior executives of the MIC.

(a) Overseeing, monitoring, and evaluating the adequacy and effectiveness of the MIC's internal control system, engage and provide oversight of the internal and external auditors and coordinate with the Commission on Audit (COA);

(b) Reviewing and approving audit scope and frequency, the annual internal audit plan, quarterly, semi-annual, and annual financial statements before submission to the MIC Board, focusing on changes in accounting policies and practices, major judgmental areas, significant adjustments resulting from the audit, going concern assumptions, compliance with accounting standards, and compliance with tax, legal, regulatory and COA requirements;

(c) Receiving and reviewing reports of internal and external auditors and regulatory agencies, and ensuring that the MIC Board is taking appropriate corrective actions, in a timely manner in addressing control and compliance functions with regulatory agencies;

(d) Ensuring that internal auditors have free and full access to all the MIC's records, properties, and personnel relevant to and required by its function and that the internal audit activity shall be free from interference in determining its scope, performing its work and communicating its results; and

(e) Developing a transparent financial management system that will ensure the integrity of internal control activities throughout the MIC through its procedures and policies.

(a) Secretariat. The Advisory Body shall be supported by a Secretariat which shall provide administrative and technical support.

The Secretariat shall be formed from the existing employees and staff of the BTr. Provided, That, whenever the need arises, the Advisory Board may create an Ad Hoc Technical Unit which shall come from existing employees and staff of the BTr, DBM, NEDA, and other agencies.

(b) Meetings. During the first year of implementation of R.A. No. 11954, the Advisory Body shall meet monthly, thereafter, meetings of the Advisory Board shall be conducted as may be necessary.

(a) Advise and assist the Board of Directors in the formulation of the general policies related to investment and risk management, and other matters as may be necessary to carry out the provisions and purposes of R.A. No. 11954;

(b) Advise and provide guidance on issues pertaining or related to the plans and projects of the MIC;

(c) Recommend Regular and Independent Director candidates who shall be appointed by the President of the Philippines pursuant to Section 20 of R.A. No. 11954; and

(d) Perform other functions, duties and responsibilities, necessary to effectively carry out its mandate.

(a) Qualifications, selection, and appointment of the PCEO, Regular and Independent Directors of the Board;

(b) Determination of organizational structure, staffing pattern and compensation structure of the MIC, without prejudice to the power of the GCG to conduct a compensation study and to develop a Compensation and Position Classification System which shall apply to the officers and employees of the MIC, except those determined by the Board as highly technical; and

(c) System of performance standards and evaluation for officials and employees of the MIC.

(a) Identify the location of MIC's head office in Metro Manila;

(b) Appoint the Corporate Secretary;

(c) Appoint the CIOO and other critical and key officers or employees, and determine their compensation structure;

(d) Craft general guidelines relative to the formulation of investment and risk management policies; and

(e) Address other relevant matters.

(a) All investments thereof, by the MIC and on the portfolio of the MIF;

(b) The Statement of Assets, Liabilities, and Net Worth (SALNs) of the members and officials of the Board of Directors, Risk Management Committee, and Advisory Body;

(c) The SALNs of those who appointed and designated the said members and officials;

(d) Audit documents from the COA; and

(e) Similar documents and information.

(a) Act No. 3815 or "The Revised Penal Code", as amended;

(b) Republic Act No. 3019 or the "Anti-Graft and Corrupt Practices Act" as amended;

(c) Republic Act No. 6713 or the "Code of Conduct and Ethical Standards for Public Officials and Employees";

(d) Republic Act No. 1379;

(e) Republic Act No. 7080 or "An Act Defining and Penalizing the Crime of Plunder";

(f) Republic Act No. 9160 or the "Anti-Money Laundering Act of 2001", as amended;

(g) Executive Order 292 or the "Administrative Code of 1987";

(h) Republic Act No. 9184 or the "Government Procurement Reform Act";

(i) Republic Act No. 386 or "The Civil Code of the Philippines", as amended;

(j) Republic Act No. 11232 or the "Revised Corporation Code of the Philippines"; and

(k) Other relevant laws, rules, and regulations;

(a) Bangko Sentral ng Pilipinas (BSP) Dividends. For the first and second fiscal years upon the effectivity of R.A. No. 11954, one hundred percent (100%) of the BSP's actual total declared dividends, as computed under Republic Act No. 7653, also known as the "New Central Bank Act", as amended by Republic Act No. 11211, shall be remitted to the National Government for the capitalization of the MIC, in the amount not exceeding the Fifty billion pesos (P50,000,000,000.00) initial subscription of the National Government to the capitalization of the MIC under this section: Provided, That the Monetary Board may recommend to the President of the Philippines the reduction of BSP's dividend contribution to the MIC whenever economic conditions may warrant; thereafter, the dividends of the BSP shall be remitted to the National Government to fund the increase in the capitalization of the BSP in accordance with Section 2 of Republic Act No. 7653, as amended by Republic Act No. 11211;

(b) Government shares in PAGCOR, and revenue from other government-owned gaming operators and/or regulators. Ten percent (10%) of the National Government's share from the income of the PAGCOR, as provided for in Presidential Decree No. 1869, as amended: Provided, That the share earmarked for the Universal Health Care Act under Sec. 37(b) of Republic Act No. 11223 shall not in any manner be diminished; Provided, further That the above funding from PAGCOR will be for period of vie (5) years. Accordingly, other government-owned gaming operators and/or regulators shall also contribute ten percent (10%) of their revenues from gaming operations for a period of five (5) years;

(c) DOF-PMO Proceeds from the privatization of government assets, the amount of which shall be determined by the Privatization Council, subject to budgeting, accounting, and auditing laws, rules, and regulations subject to the conditions provided under Section 6 of R.A. No. 11954; and

(d) Other sources, such as royalties and/or special assessments, subject to budgeting, accounting, and auditing laws, rules and regulations.

(a) Section 2 of Republic Act No. 7653, or the "New Central Bank Act", as amended by Republic Act No. 11211; and

(b) Presidential Decree No. 1869, otherwise known as the "PAGCOR Charter, as amended", without prejudice to Section 37 of Republic Act No. 11223 or the "Universal Health Care Act".