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Republic Act
Approved June 17, 1967

Republic Act No. 5143

An act authorizing the public service commission to construct an adequate and permanent building for its offices in quezon city and for other purposes

An Act Authorizing the Public Service Commission to Construct an Adequate and Permanent Building for its Offices in Quezon City and for Other Purposes

In plain language

This Act authorizes the Public Service Commission to acquire land and construct a permanent building in Quezon City, allowing the use of funds from its unexpended fee balance or through borrowing, with repayment to be made from future fees. It also sets provisions for annual funding releases and states the Act takes effect upon approval.

  • Authorizes PSC to acquire land and construct a building in Quezon City
  • Allows PSC to use five million pesos of unexpended fee balance or borrow funds
  • Indebtedness to be paid from fees through annual amortizations
  • Funding releases of up to one million pesos per year if financed from fees
Public Service Commission
Quezon City
Building
Construction
Finance
Fees

REPUBLIC ACT No. 5143

An Act Authorizing the Public Service Commission to Construct an Adequate and Permanent Building for its Offices in Quezon City and for Other Purposes

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

Section 1

The Public Service Commission is hereby authorized to acquire a lot and contract an adequate and permanent building for its offices in Quezon City: Provided, However, That such building shall be constructed in accordance with plans and specifications approved by the Department of Public Works and Communications.

Section 2

The Public Service Commission is hereby authorized to use five million pesos of the unexpended balance of the fees collected by it under Section forty of the Public Service Act, as amended, or so much as may be necessary, and/or to borrow from the Government Service Insurance System or other financial institutions so much may be necessary for the purpose mentioned in Section one of this Act: Provided, However, That such indebtedness shall be paid out of the fees collected by the Commission under Section forty of the Public Service Act, as amended, through annual amortizations until the full amount is paid; And, Provided, finally, That if the financing comes from the fees collected by the Commission, only one million pesos, or so much as may be available, shall be released by the Budget Commissioner each year until the full amount is released.

Section 3

This Act shall take effect upon its approval.

Approved: June 17, 1967.

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.