Section 10Sec./Art. 10

Sources of Funds and the Operating Budget of the MBLISTTDA.

(a)The amount necessary for the operating budget of the MBLISTTDA shall be included in the annual General AppropriationsAct.

(b)The MBLISTTDA is empowered to levy fines and impose fees and charges for various services rendered.

(c)The operations of the MBLISTTDA shall likewise be supported through financial contributions or technical assistance from member LGUs, nongovernment agencies (NGAs) and government-owned and -controlled corporations (GOCCs) and the private sector, and other local and international organizations in the form of grants, donations, contributions, payments, penalties, fees, and charges.

In case of grants, in-cash or in-kind, from foreign governments or their agencies and instrumentalities, or multilateral institutions or organizations, acceptance thereof shall be subject to prior clearance and approval of the Council and the President of the Philippines or the authorized representative, based on the recommendation of the Secretary of Finance. In case of donations, in-cash or in-kind, from foreign governments, acceptance thereof shall require prior clearance and approval by the Council and the President of the Philippines, or the authorized representative based on the recommendation of the Secretary of Foreign Affairs.