Increasing The Stabilization Fee For The Social Amelioration Program In The Sugar Industry From P1.00 Per Picul Produced To P1.10

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 788 August 30, 1975

INCREASING THE STABILIZATION FEE FOR THE SOCIAL AMELIORATION PROGRAM IN THE SUGAR INDUSTRY FROM P1.00 PER PICUL PRODUCED TO P1.10

WHEREAS, Presidential Decree No. 621 vests upon the Secretary of Labor general supervision and control over the proper the equitable implementation of the social amelioration program in the sugar industry;

WHEREAS, the Department of Labor is not adequately funded to ensure the effective implementation of the social amelioration program as well as the labor laws and other labor programs of the Government in the sugar industry;

WHEREAS, the leaders of the sugar industry have manifested their desire to increase the stabilization fee from P1.00 per picul produced to P1.10, the additional P0.10 to be used for the implementation of the social amelioration program and of the labor laws and policies in the sugar industry;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution,...

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Summary of Presidential Decree No. 788

Increase in Stabilization Fee for Social Amelioration Program in Sugar Industry
- All sugar mills shall collect a stabilization fee of P1.10 for every picul of sugar produced. (Section 1)
- The additional P0.10 shall be deposited by the sugar mills with the Philippine National Bank in the name of the Secretary of Labor as a working fund. (Section 1)
- The working fund shall be used exclusively for:
    - Implementation of Presidential Decree No. 621 (Section 1)
    - Implementation of other labor laws (Section 1)
    - Implementation of socio-economic projects in the sugar industry (Section 1)

Regulation and Audit of Working Fund
- The Secretary of Labor shall promulgate rules and regulations governing the disbursement and expenditure of the working fund, subject to the usual accounting rules and regulations. (Section 2)
- The Commission on Audit is authorized to audit periodically the expenditures charged against the working fund. (Section 2)

Effectivity
- This Decree shall take effect starting crop year 1974-1975. (Section 3)