Section 5Sec./Art. 5

Judiciary Trust Fund. - In lieu of the Judiciary Development Fund (JDF) under Presidential Decree No. 1949, there is hereby created a trust fund dedicated to the use of the Judiciary, to be known as the Judiciary Trust Fund. All the funds collected for or accruing to the Judiciary may be deposited and kept in the said trust fund, from which funds needed for its operations shall be drawn. The Judiciary Trust Fund shall include, but not limited to, the following:

(a) Legal fees collected by the Judiciary pursuant to Rule 141 of the Rules of Court, as amended;

(b) Existing funds of the JDF; and

(c) All interest or income derived from the Judiciary Trust Fund.

The Chief Justice shall administer and allocate the Judiciary Trust Fund and shall approve and authorize its disbursements and expenditures, in accordance with the provisions of this Act and its implementing rules and regulations. The amounts accruing to the Judiciary Trust Fund shall be deposited by the Chief Justice or a duly authorized representative in an authorized government depository bank.

All expenditures and revenues of the Judiciary Trust Fund shall be subject to post-audit by the COA, under pertinent laws, rules, and regulations.