Section 2January 29, 1997, Sec./Art. 2

Section 5 of the same Act is hereby amended to read as follows:

"Sec. 5. Appropriations. – The amount necessary to carry out the initial implementation of this Act shall be charged against the current Fiscal Year Appropriations of the Department of Science and Technology.

"In order to provide funds necessary for the continuous implementation of the program for every year following its initial implementation, the budget of the DOST shall be increased in the amount of Sixty million pesos (P60,000,000.00) per year until it eventually reaches the amount of Three hundred million pesos (P30,000,000.00) to sustain the recipients of the scholarship during the duration of their study.

"For the first two (2) years of implementation of the program, an additional Six Million pesos (P6,000,000.00) per month, to be increased to Seven million pesos (P7,000,000.00) per month on the third and fourth year shall be provided, which sum shall be generated from the net income of the Philippine Amusement and Gaming Corporation (PAGCOR): Provided, That such amount shall be strictly used to subsidize the beneficiaries' expenses while studying under the scholarship program herein provided. Priority shall be accorded to scholars graduating from high schools located in the fifth (5th) and sixth (6th) class municipalities."