Section 20Sec./Art. 20

National Museum Endowment Fund. -The existing Museum Endowment Fund, hereby renamed the National Museum Endowment Fund, sourced from the Two hundred fifty million pesos (₱250,000,000) annual net earnings of the Philippine Charity Sweepstakes Office from its lotto operation and Two hundred fifty million pesos (₱250,000,000) from the annual net earnings of the Phihppine Amusement and Gaming Corporation shall continue to be utilized for the purpose of implementing such special programs, projects and activities that the Board may approve in furtherance of the National Museums mandate.

Taking into account past remittances, the Phihppine Charity Sweepstakes Office and the Philippine Amusement and Gaming Corporation shall continue to remit the required contributions to the Fund, to be payable within a period of five (5) years after the effectivity of this Act.

The National Museum Endowment Fund shall be administered by the Board, which shall be allowed to appoint professional fund managers for the purpose of appropriately managing and investing the Fund on its behalf. Rules governing such administration, management and investment shall be similar to those pertaining to relevant government financial institutions, and shall be agreed among the National Museum, the Department of Finance, and other concerned government agencies.

Donations and bequests made to the National Museum Endowment Fund shall be explicitly made and executed for the purpose, and once credited to it shall be considered as part of its principal.

Only the interest of the National Museum Endowment Fund may be expended by the Board, which shall authorize, as appropriate, the transfer of necessary amounts to a corresponding special projects account to be disbursed through the Head of Agency.