Section 12Sec./Art. 12

Utilization and Limitations on Expenditures of the Incentives Under the SGLG Fund. -The use of the incentives paid out of the SGLG Fund -shall be governed by the policies governing the utilization of the twenty percent (20%) of the annual Internal Revenue Allotment (IRA) for local development projects, the Annual Investment Program (AIP) and the Local Development Investment Program (LDIP).

The incentives paid out of the SGLG Fund shall not be used for any of the following:

(a) Financing micro credits and loans;

(b) Travel expenses, whether domestic or foreign, except when the purpose is in furtherance of the purposes of this Act;

(c) Administrative expenses of the LGU including, but not limited to, cash gifts, bonuses, food allowances, staff uniforms, communication bills, utilities, transportation costs and the like;

(d) Purchase, maintenance or repair of any motor vehicles or motorcycles not directly used for the SGLG undertaking;

(e) Salaries, wages, emoluments, per diems or overtime pay of employees;

(f) Construction, repair, or refurnishing of administrative offices; and

(g) Loan guarantee.