Republic Acts1 min read
Section 4Sec./Art. 4
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The amount necessary for the implementation of this Act shall be charged against the current year's appropriations of the Don Vicente Orestes Romualdez Agricultural College.1aшphi1 Thereafter, such sums as may be necessary for its operation and maintenance shall be included in the annual General Appropriations Act.
Fees and charges, including government subsidies and other income generated by the College, shall constitute special trust funds and shall be deposited in any authorized government depository bank, and aB interests that shall accrue therefrom shall form part of the same funds for the use of the College.
The income generated by the College may, at their discretion, be disbursed for the professional growth and development, health, welfare and other similar benefits of the faculty members and personnel, for extension and student welfare expenses so that the flexibility on use of income shall be focused on faculty, personnel improvement and student welfare activities, and for expenses necessary for the attainment of its purposes under this Act.
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