Section 9Sec./Art. 9

Utilization of the Trust Fund. - The utilization of the Trust Fund or any portion thereof shall be in accordance with the Coconut Farmers and Industry Development Plan as provided in Section 4 of this Act: Provided, That for purposed of the implementation of the Plan, for the execution of programs and projects identified in the Plan that are allowed to be funded out of the Trust Fund and subject to annual government audit, an initial allocation of Five billion pesos (P5,000,000,000.00) shall be available to the designated government implementing agencies, which shall include disbursements for the formulation of the Coconut Farmers and Industry Development Plan.

For the formulation of the Coconut Farmers and Industry Development Plan the PCA shall have an allocation of Five million pesos (P5,000,000,000.00), the disbursements to the designated implementing agencies shall be in accordance with the Coconut Farmers and Industry Development Plan once approved by the President.