Republic Acts1 min read
Section 12Sec./Art. 12
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Section 8 of R. A. No. 8178. as amended, is hereby renumbered as Section 12 and is amended to read as follows:
"Sec. 12. Agricultural Competitiveness Enhancement Fund. - To implement the policy enunciated in this Act, there is hereby created the Agricultural Competitiveness Enhancement Fund, herein referred to as the Fund. The Fund shall consist of all duties collected from the importation of agricultural products, except rice, under the MAV mechanism, including unused balances and collections from repayments from loan beneficiaries including interests, if any. The Fund shall be automatically credited to Special Account 183 in the General Fund of the National Treasury: Provided, That fund releases shall not be subject to any ceiling bv the Department of Budget and Management (DBM).
"x x x."
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