Governing the Release of Travel Taxes Collected Under R.A. No. 1478 and 6141 (As Amended)
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Governing the Release of Travel Taxes Collected Under R.A. No. 1478 and 6141 (As Amended)
Executive Order No. 499
February 15, 1978
Case Overview and Summary
Executive Order No. 499Governing the Release of Travel Taxes Collected Under R.A. No. 1478 and 6141 (As Amended)
- Travel taxes collected under R.A. No. 1478 and 6141 (as amended by P.D. No. 1183 and 1205) are the primary funding sources for the Philippine Tourism Authority's operating expenses and tourism development projects approved by the President. (Whereas clauses)
- P.D. No. 1234 institutes a procedure for managing Special and Fiduciary Funds of the national government. (Whereas clause)
Provisions:
• All travel tax proceeds shall be utilized exclusively for the operations and special projects of the Philippine Tourism Authority, subject to approval of Special Budgets as provided for by Sec. 40 of P.D. No. 1177. (Sec. 1)
• Funds for regular operating expenses shall be automatically released by the Budget Commission upon approval of the agency's staffing pattern, estimates of maintenance and operating expenditures, and equipment requirements. (Sec. 1)
• Fund releases for expenditures on capital outlays and special undertakings shall be subject to specific approval by the President. (Sec. 1)
• Travel tax collections shall be remitted to the Treasury in accordance with existing rules and regulations. (Sec. 2)
• The Philippine Tourism Authority's needs shall be funded through the usual budgetary and fund release mechanism, annually for current operating expenditures and on a case-by-case basis for special projects and capital outlays. (Sec. 2)
• For CY 1978, fund releases shall be made from the General Fund Adjustments item in P.D. No. 1250. (Sec. 2)
• For CY 1979 and subsequent years, budgetary requirements shall be provided for in the General Appropriations Decrees and supported by travel tax proceeds. (Sec. 2)
• The Executive Order took effect immediately upon issuance on February 15, 1978. (Sec. 3)
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Executive Issuances
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travel tax
Philippine Tourism Authority
operating expenses
tourism development projects
Special and Fiduciary Funds
fiscal control
fund release mechanism
special budgets
staffing pattern
maintenance and operating expenditures
equipment requirements
capital outlays
special undertakings
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budgetary requirements
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Law
Governing the Release of Travel Taxes Collected Under R.A. No. 1478 and 6141 (As Amended)
Executive Order No. 499
•February 15, 1978
EXECUTIVE ORDER NO. 499 February 15, 1978
GOVERNING THE RELEASE OF TRAVEL TAXES COLLECTED UNDER R.A. NO. 1478 AND 6141 (AS AMENDED)
WHEREAS, travel taxes collected under R.A. No. 1478 and 6141, as amended by P.D. No. 1183 and 1205 are the primary sources of funding for the operating expenses of the Philippine Tourism Authority, including those for tourism development projects approved by the President;
WHEREAS, P.D. No. 1234 institutes a procedure for the management of Special and Fiduciary Funds of the national government;
WHEREAS, it is necessary to have an efficient mechanism for the release of travel tax proceeds to the Philippine Tourism Authority while maintaining an adequate system of fiscal control.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and by Sec. 3 of P.D. No. 1234, do hereby approve and order a fund release mechanism to the Philippine Tourism Authority of travel tax proceeds;
Sec. 1. All proceeds of the travel tax shall be utilized exclusively for the operations...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
travel tax
Philippine Tourism Authority
operating expenses
tourism development projects
Special and Fiduciary Funds
fiscal control
fund release mechanism
special budgets
staffing pattern
maintenance and operating expenditures
equipment requirements
capital outlays
special undertakings
Treasury remittance
budgetary requirements
General Appropriations Decrees
General Fund Adjustments
EXECUTIVE ORDER NO. 499 February 15, 1978
GOVERNING THE RELEASE OF TRAVEL TAXES COLLECTED UNDER R.A. NO. 1478 AND 6141 (AS AMENDED)
WHEREAS, travel taxes collected under R.A. No. 1478 and 6141, as amended by P.D. No. 1183 and 1205 are the primary sources of funding for the operating expenses of the Philippine Tourism Authority, including those for tourism development projects approved by the President;
WHEREAS, P.D. No. 1234 institutes a procedure for the management of Special and Fiduciary Funds of the national government;
WHEREAS, it is necessary to have an efficient mechanism for the release of travel tax proceeds to the Philippine Tourism Authority while maintaining an adequate system of fiscal control.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and by Sec. 3 of P.D. No. 1234, do hereby approve and order a fund release mechanism to the Philippine Tourism Authority of travel tax proceeds;
Sec. 1. All proceeds of the travel tax shall be utilized exclusively for the operations...
Login to see full content