Section 10Sec./Art. 10

Fund Sources.- The National Government is hereby mandated to allocate and appropriate the necessary funds for the continuing requirements of this Act, including whatever funds which may be made available from, but not limited to, the following sources:

(A) Proceeds from documentary stamp tax:Provided, That Section 22(a) of Republic Act No. 7660 shall be amended to read as follows:

"Section 22. The incremental revenues from the increase in the documentary stamp taxes under this Act shall be set aside for the following purposes:

"(a) Twenty-five percent (25%) of the incremental revenues in 1994 and 1995 under this Act shall be automatically appropriated for the Unified Home Lending Program under Executive Order No. 90 particularly for mass-socialized housing to be allocated as follows: fifty percent (50%) for mass-socialized housing; thirty percent (30%) for the community mortgage program administered by the National Home Mortgage Finance Corporation; and twenty percent (20%) for land banking and development to be administered by the National Housing Authority:Provided,That not more than one percent (1%) of the respective allocations hereof shall be used for the administrative expenses:Provided, further,That incremental revenues not appropriated in 1994 and 1995 shall be carried over to succeeding years until allocations herein provided shall have been fully exhausted."

"x x x"

(B) Forty percent (40%) of the mandatory fifty percent (50%) share of the National Government from the annual aggregate gross earnings of the Philippine Amusement and Gaming Corporation (PAGCOR), as provided for in Section 12 of Presidential Decree No. 1869, beginning 1996.

(C) Twelve percent (12%) of all the proceeds of any sale, after deducting all expenses related to the sale, of portions of Metro Manila military camps shall be used to finance mass social housing projects for underprivileged and homeless citizens of the country. Section 8 of Republic Act No. 7227, therefore, is hereby amended accordingly.

(D) All fund sources outlined in Republic Act No. 7279, not accruing to the local government units, to wit:

(1) A minimum of fifty percent (50%) from the annual net income of the Public Estates Authority to be used by the National Housing Authority to carry out its program of land acquisition for resettlement purposes;

(2) Proceeds from ill-gotten wealth not otherwise previously set aside for any other purpose;

(3) Loans, grants, bequests and donations, whether from local or foreign sources; and

(4) Proceeds from the sale or disposition of alienable public lands in urban areas.

(E) Proceeds from forfeited customs bonds; and

(F) A maximum of fifty percent (50%) of savings from the budgeted amount for debt servicing.