AN ACT TO EXTEND THE UTILIZATION PERIOD OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND
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AN ACT TO EXTEND THE UTILIZATION PERIOD OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND
Republic Act No. 9496
February 28, 2008
Case Overview and Summary
Summary of Republic Act No. 9496Extension of the Agricultural Competitiveness Enhancement Fund (ACEF)
• Amends Section 8 of Republic Act No. 8178 to extend the utilization period of the ACEF until 2015. (Section 1)
• Any remaining balance after 2015 shall continue to be used for the purpose it was collected and set aside. (Section 1)
Purpose and Utilization of the ACEF
• The ACEF shall be set aside and earmarked by Congress for:
- Protection of farmers against unfair trade practices such as smuggling, dumping, or other similar acts. (Section 1)
- Increased productivity of farmers by providing necessary support services such as irrigation, farm-to-market roads, post-harvest equipment and facilities, credit, research and development, marketing infrastructure, market information, retraining, extension services, assistance to micro, small and medium enterprises (MSMEs) in agriculture, aquaculture, and fisheries sectors, young entrepreneurs, out-of-school youth, graduates of agriculture, fisheries and related courses, cooperatives, corporations, and other entrepreneurs engaged in economic enterprises related to agriculture and fisheries. (Section 1)
Allocation of the ACEF
• 70% for agri-based production, post-production, processing activities, new export industries, agri-related infrastructure and equipment, public information and promotion activities, and assistance to individual Filipino farmers, fisherfolk, cooperatives, and MSMEs engaged in agricultural production, farming, fisheries, agri-business, and similar activities. (Section 1)
• 20% for research and development, including upgrading of research facilities of qualified state universities and colleges. (Section 1)
• 10% for a comprehensive scholarship program for agriculture, forestry, fisheries, and veterinary medicine education. (Section 1)
Prioritization and Implementation
• The Department of Agriculture, in consultation with the Congressional Oversight Committee on Agricultural and Fisheries Modernization (COCAFM), shall revise and reform implementing guidelines and approval procedures to speed up processing and disbursement. (Section 2)
• The Department of Agriculture, with the concurrence of COCAFM, shall draw up a prioritization plan for the optimum utilization of the Fund. (Section 2)
• The Department of Agriculture, in coordination with the Philippine Information Agency, shall ensure the widest information dissemination possible of this Act. (Section 2)
Repealing Clause and Effectivity
• All laws, decrees, executive issuances, rules and regulations inconsistent with this Act are hereby repealed or modified accordingly. (Section 3)
• The provisions of this Act are separable, and if any provision is held unconstitutional, the validity of the other provisions shall not be affected. (Section 4)
• This Act shall take effect immediately upon its approval. (Section 5)
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Agricultural Competitiveness Enhancement Fund
Agricultural Products
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AN ACT TO EXTEND THE UTILIZATION PERIOD OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND
Republic Act No. 9496
•February 28, 2008
Republic of the Philippines
Congress of the Philippines
Metro Manila
Fourteenth CongressFirst Regular Session
Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand seven.
Republic Act No. 9496             February 28, 2008
AN ACT TO EXTEND THE UTILIZATION PERIOD OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND, AMENDING REPUBLIC ACT NO. 8178, ENTITLED "AN ACT REPLACING QUANTITATIVE IMPORT RESTRICTIONS ON AGRICULTURAL PRODUCTS, EXCEPT RICE, WITH TARIFFS, CREATING THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND, AND FOR OTHER PURPOSES"
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Section 8 of Republic Act No. 8178, entitled "An Act Replacing Quantitative Import Restrictions on Agricultural Products, Except Rice, With Tariffs, Creating the Agricultural Competitiveness Enhancement Fund, and for Other Purposes" is hereby amended, to read as follows:
"Section 8. Agricultural Competitiveness Enhancement Fund.- To implement the policy enunciated in this Act, there is hereby created the Agricultural Competitiveness Enhancement Fund, hereinafter referred to as the Fund. The Fund shall consist of...
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