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[ Commonwealth Act No. 649, June 16, 1941 ]
AN ACT TO REDUCE THE CONTRIBUTION OF PROVINCES AND MUNICIPALITIES TO THE AGRICULTURAL FUND.
Be it enacted by the National Assembly of the Philippines:
SECTION 1. Section one thousand eight hundred thirteen-H of the Administrative Code, as inserted by Commonwealth Act Numbered Eighty-five, is amended to read as follows:
APPROVED, June 16, 1941.
SECTION 1. Section one thousand eight hundred thirteen-H of the Administrative Code, as inserted by Commonwealth Act Numbered Eighty-five, is amended to read as follows:
"SEC. 1813-H. Agricultural fund — How created. — Each municipality or municipal district shall annually set aside a sum of not less than three and not more than five per centum of its general fund, at the discretion of the provincial board and each provincial board shall set aside from its general fund a like sum which, together with the sums set aside by the municipalities and municipal districts under its jurisdiction, shall constitute a special fund to be known as 'Agricultural Fund'."SEC. 2. This Act shall take effect upon its approval.
APPROVED, June 16, 1941.