Republic Act No. 4632: An act authorizing the philippine charity sweepstakes office to hold one lottery for the benefit of quezon institute

In plain language

The Republic Act authorizes the Philippine Charity Sweepstakes Office (PCSO) to hold a single lottery, with the proceeds—after deducting prizes and expenses as provided in RA 1169—to be turned over to the Quezon Institute for its support and maintenance. Expenses incurred are subject to accounting regulations. The Act takes effect upon approval.

Authorizes PCSO to hold one lottery

Proceeds to be turned over to Quezon Institute

Expenses subject to accounting regulations

Lottery

Philippine Charity Sweepstakes Office

Quezon Institute

REPUBLIC ACT No. 4632

An Act Authorizing the Philippine Charity Sweepstakes Office to Hold One Lottery for the Benefit of Quezon Institute

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

Section 1

The Philippine Charity Sweepstakes Office is hereby authorized to hold one lottery, the proceeds of which shall, after deducting the prizes and expenses as provided for in Republic Act Numbered Eleven hundred sixty-nine, as amended, be turned over to Quezon Institute for its support and maintenance. Expenses incurred thereon shall be subject to accounting and accounting regulations.

Section 2

This Act shall take effect upon its approval.

Approved: June 19, 1965.

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.