Section 6Sec./Art. 6

Section 6 of Presidential Decree No. 1467, as amended, is hereby amended by adding three (3) new paragraphs to be designated as subsections 6.3, 6.4 and 6.5 to read as follows:

"6.3. Unappropriated and/or unreleased government premium subsidy for policies written for the period from May 1, 1981 up to the approval of this Act computed on the basis of premium rates and sharing previously approved by the President as authorized by law shall be programmed for payment by the Government within a period of ten (10) years from the approval of this Act, and the yearly sums shall be included in the budgetary appropriations for submission to Congress, starting the fiscal year following approval hereof, in addition to the premium subsidy requirement for the year involved.

"6.4. Calamity funds earmarked by the Government shall include a certain percentage for crop insurance and shall be released to and administered by the Corporation.

"6.5. Ten percent (10%) of the net earnings of the Philippine Charity Sweepstakes Office (PCSO) from its lotto operation shall be earmarked for the Crop Insurance Program and said amount shall be directly remitted by the PCSO to the Corporation every six (6) months until the amount of government subscription is fully paid."