Section 24Sec./Art. 24

Congressional Oversight Committee. There is hereby created a Congressional Oversight Committee on the UniFAST composed of five (5) members each to be chosen from the membership of the Senate Committee on Education, Arts and Culture and the House of Representatives Committee on Higher and Technical Education. The members from the Senate shall be appointed by the Senate President based on proportional representation of the parties or coalitions therein with at least two (2) Senators representing the minority. The members from the House of Representatives shall be appointed by the Speaker also based on proportional representation of the parties or coalitions therein with at least two (2) Congressmen representing the minority.

The Oversight Committee on the UniFAST shall have the power to oversee the implementation of this Act, including an inquiry into the book of accounts of the Board: Provided, That the Secretariat of the Oversight Committee shall be drawn from the secretariat personnel of the Senate Committee on Education, Arts and Culture and the House of Representatives Committee on Higher and Technical Education. Funding for the expenses of the Committee shall be taken from the appropriations of both the Senate and the House of Representatives.

The Board shall be required to submit to the Congressional Oversight Committee, on a periodic basis, the financial statements, policy statements, issuances and other documents and information of the Board, subject to existing laws and regulations.

ARTICLE VI

APPROPRIATIONS