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The Mimbilisan Protected Area Fund. - There is hereby established a trust fund to be known as the Mimbilisan Protected Area Fund for purposes of financing projects for the PA. All income generated from the operation of the PA or the management of wild flora and fauna in the PA shall accrue to the fund. These income shall be derived from visitors/tourists fee, fees from permitted sale and export of flora and fauna and other resources from the PA, proceeds from registration and lease of multiple-use areas, including tourism concessions, contributions from industries and facilities directly benefiting from the PA; and such other fees and income derived from the operation of the PA.
The fund may be augmented by grants, donations, endowment from various sources, domestic or foreign, for purposes related to their functions: Provided, That the fund shall be deposited as a special account in the National Treasury and disbursements therefrom shall be made solely for the protection, maintenance, administration and management of the system, and duly approved projects endorsed by the PAMB in accordance with existing accounting and budgeting rules and regulations: Provided, further, That the fund shall not be used to cover personal services expenditures.
The LGUs shall continue to impose and collect all other fees not enumerated herein which they have traditionally collected, such as business permits, property tax and rentals of LGU facilities. Furthermore, LGUs may charge add-ons to fees imposed by the PAMB: Provided, That such add-ons shall be determined based on the contribution of the LGUs in the maintenance and protection of the PA.
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