Section 10Sec./Art. 10

The Sicogon Island Wildlife Sanctuary Integrated Protected Area Fund. -There is hereby established a trust fund to be known as the Sicogon Island Wildlife Sanctuary Integrated Protected Area Fund (SIWS-IPAF) for purposes of financing projects of the SIWS and the NIPAS. All income generated from the operation and management of wild flora and fauna in the SIWS shall accrue to the SIWS-IPAF. The income shall be derived from fees from permitted sale and export of flora and fauna and other resources from the SIWS, proceeds from lease of multiple-use areas, contributions from industries and facilities directly benefiting from the SIWS, and such other fees and income derived from the operation of the SIWS.

The PAMB shall retain seventy-five percent (75%) of all revenues raised through the above means, which shall be deposited to the Protected Area-Retained Income Account (PA-RIA) in any authorized government depository bank within the locality:Provided,That disbursements out of such deposits shall be used solely for the protection, maintenance, administration, and management of the protected area and implementation of duly approved projects of the PAMB. The remaining twenty-five (25%) of revenue shall be deposited as a special account in the general fund in the National Treasury for purposes of financing the programs and projects of the NIPAS.

The fund may be augmented by grants, donations, endowment from various sources, domestic or foreign:Provided,That the fund shall be deposited in full as a special account in the National Treasury and disbursements therefrom shall be made solely for the protection, maintenance, administration, and management of the NIPAS and duly approved projects endorsed by the PAMB in accordance with existing accounting, budgeting, and auditing rules and regulations:Provided, further,That the fund shall not be used to cover personal services expenditures.

The LGUs shall continue to impose taxes and collect all other fees not enumerated herein which they have traditionally collected, such as fees for business permit applications, property taxes and rental fees of LGUs' facilities.7!ᕼdMᗄ7

ARTICLE IV

TRANSITORY AND MISCELLANEOUS PROVISIONS