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Appropriations. Each National Performing Arts Company shall be appropriated the following amounts:
(a) Ten million pesos (₱10,000,000.00) a year each for the National Ballet/Contemporary Dance Company, the National Theater Company, and the National Orchestra for a period of five (5) years: and
(b) Five million pesos (₱5,000,000.00) a year each for the National Choral Company and the National Indigenous Performing Ensemble for a period of five (5) years.
A maximum of fifteen (15), or a maximum of three (3) from each of the next most qualified applicants of the performing arts companies mentioned, shall be entitled to a subsidy of One million pesos (₱1,000,000.00) a year, renewable upon evaluation, for performance, research, documentation, and commissioned work.
Such amounts to be appropriated for the National Performing Arts Companies may be subject to adjustments once every five (5) years after the effectivity of this Act.
The amount necessary to implement the provisions of this Act shall be included in the budget of the CCP in the annual General Appropriations Act.
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