Ra 1169
Ra 1169
Ra 1169
SENATE
K l < : : r ! ' ' W ;
S. B. No. 737
AN ACT
INSTITUTIONALIZING A JUST AND EQUITABLE DISPOSITION OF THE
PHILIPPINE CHARITY SWEEPSTAKES OFFICE CHARITY FUND, AMENDING
FOR THAT PURPOSE SECTION 6 OF REPUBLIC ACT NO. 1169, AS AMENDED
EXPLANATORY NOTE
Republic Act (RA) No. 1169, or The Philippine Charity Sweepstakes Office
charter, was enacted into law in 1954 with the mandate of providing and raising funds
for health programs, medical assistance and services, and charities of national character.
It was amended by Batas Pambansa Big. 42 and Presidential Decree No. 1157 in 1979
and 1977, respectively.
The PCSO charter as a social legislation must thus be revisited and made true to
its purpose and mandate by amending Section 6 thereof.
Section 6 provides the allocation of PCSO's net receipts (gross receipts less the
printing cost of tickets not to exceed two percent of such gross receipts) which is
basically divided into a 55% - 45% distribution. The former is earmarked to winnings
and prizes, the latter the charity fund, and operating expenses and capital expenditure.
The PCSO Board of Directors (the "Board") is empowered to make payment and grant
from the charity fund, which is a minimum of 30% of net receipts. Moreover, the Board
is also authorized to allocate, a minimum of 15% of net receipts, for operating expenses
and capital expenditures.
It is proposed that the said discretionary powers of the Board be contained, if not
removed, and that the charity fund be already specifically earmarked based on the
policies set forth in RA No. 1169, as amended. In like manner, the Board's power of
allocation over the 15% is to be expressly subjected to the approval of the Office of the
President.
It is believed that with this amendment, the PCSO's charity fund will be
distributed in accordance with specific and real needs grounded on justice and equity. It
eradicates the lack of institutionalized criteria and standard in the disposition of funds.