Republic Acts1 min read
Section 12Sec./Art. 12
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Funding. The amount necessary for the implementation of the cash incentives and retirement benefits under this Act shall be taken from the net cash income of the PAGCOR, to be remitted directly as a special account to the National Sports Development Fund (NSDF) of the PSC. This is in addition to the regular income share of the PSC pursuant to Republic Act No. 6847.
Provided, That any additional funding requirement necessary to implement the increase of cash incentives and retirement benefits of this Act shall be sourced from the fifty percent (50%) national government share in the gaming revenue of PAGCOR under Presidential Decree No. 1869, as amended.
A separate fund equivalent to not less than sixty percent (60%) of the existing NSDF shall be automatically set aside for the training and preparation of national athletes covered by this Act.
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