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Act
Approved June 14, 1956

Republic Act No. 1446

An act to provide means for increasing the highway special fund

An Act to Provide Means for Increasing the Highway Special Fund

In plain language

The Republic Act No. 1435 amends Sections 142 and 145 of the National Internal Revenue Code to increase specific taxes on manufactured oils and diesel fuel oil, directing the additional proceeds to the Highway Special Fund for highway construction, reconstruction, and improvement projects, as well as for liquidating toll bridges. The act also allows local government units to impose an additional tax on manufactured oils and outlines refund provisions for certain uses.

  • Amendment of Sec. 142 of the NIRC to increase specific taxes on manufactured oils and fuel
  • Amendment of Sec. 145 of the NIRC to impose tax on diesel fuel oil
  • Proceeds directed to Highway Special Fund for amortizing loans and liquidating toll bridges
  • Authorization for municipal boards to levy an additional tax up to 25% on manufactured oils
  • Refund provisions for agricultural, aviation, miners, and forest concessionaires
  • Requirement for road construction approval by the Commissioner of Public Highways
Highway Fund
Taxation
Motor fuels
Infrastructure
Philippines
1956

REPUBLIC ACT No. 1446

An Act to Provide Scholarships for the Study of Veterinary Science in the University of the Philippines, Authorizing the Appropriation of Funds Therefor

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

The Board of Regents of the University of the Philippines is hereby authorized to grant scholarships to Filipino citizens who desire to study in the College of Veterinary Science of the University of the Philippines: Provided, That there shall not be less than ten scholarships for the first year of the said college, and such scholarships shall be granted in accordance with the following principles:

(a) The scholarships shall be granted only to bright and deserving students who shall be selected through competitive examinations; (b) The scholarships may include living expenses, traveling expenses, registration fees, matriculation fees and costs of books, instruments and other materials required in the study of veterinary science; and (c) The scholarships may be extended as an absolute grant to the scholar provided that he agrees to be employed in the government service for a certain number of years as may be determined by the Board of Regents; or it may be granted as a loan to be paid by the scholar out of his salary or earnings, without interest, after the scholarship is terminated. Payments collected on scholarships granted under this Act on a loan basis shall accrue to the Veterinary Science Scholarship Fund hereinafter constituted.Section 2. The Board of Regents of the University of the Philippines shall promulgate such rules and regulations as may be necessary to carry into effect the provisions of this Act. Section 3. There is authorized to be appropriated annually for a period of ten years, out of any funds in the National Treasury not otherwise appropriated, the sum of fifty thousand pesos to constitute the Veterinary Science Scholarship Fund and to carry into effect the purposes of this Act.

Section 4

This Act shall take effect upon its approval.

Approved: June 14, 1956.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.