Section 12Sec./Art. 12

Mts. Banahaw - San Cristobal Protected Landscape Fund. - There is hereby established a revolving fund to be known as the MBSCPL Fund for purposes of financing projects in the MBSCPL.

Income shall be derived from fees from visitors/tourists, fees from permitted sale and export of flora and fauna and other resources from the MBSCPL, proceeds from the registration and lease of multiple - use areas, including tourism concessions, fees, proceeds, and contributions from industries and facilities directly benefiting the MBSCPL, and such other fees and income derived from the operation of the MBSCPL: Provided, That the seventy - five percent (75%) shall be set aside and retained by the PAMB which shall appropriate the same exclusively for the management and operation of the MBSCPL: Provided, further, That the remaining twenty - five percent (25%) shall be remitted to the central Integrated Protected Areas Fund (IPAF).

The MBSCPL Fund may be augmented by grants, donations, endowment from various sources, domestic or foreign, for purposes related to their functions: Provided, That disbursements therefrom shall be made solely for the protection, maintenance, administration and management of the system, and duly approved projects endorsed by the P AMB 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 and rentals of LGUs facilities. Provided, That the LGUs shall not impose property tax and issue new tax declaration for areas covered by the MBSCPL. Furthermore, LGUs may charge add - ons to fees imposed by the PAMB: Provided, That such add - ons shall be based on the contribution of the LGUs in the maintenance and protection of the MBSCPL.