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Primary Text
Section 12 of Republic Act No. 7306 is hereby amended to read as follows:
"SEC. 12. Term of the Members of the Board. The term of office of each director shall be for one (1) year subject to reappointment by the President.
"The members shall elect from among themselves who will serve as Chairperson of the Board. The Board shall meet at least twice a month to discuss matters of policy in order to effectively carry out the provisions of this Act."
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