An Act to Appropriate the Sum of Three Million Pesos as Additional Capital for the National Tobacco Corporation
Year:
1948
Category:
Other
Date Approved:
June 17, 1948
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act appropriates three million pesos as additional capital for the National Tobacco Corporation. It specifies that not more than twenty percent of the funds shall be used for salaries and wages.Full Text
REPUBLIC ACT No. 302
An Act to Appropriate the Sum of Three Million Pesos as Additional Capital for the National Tobacco Corporation
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. There is hereby appropriated out of any funds in the National Treasury, the sum of three million pesos, as additional capital for the National Tobacco Corporation: Provided, That not more than twenty per centum shall be spent for salaries and wages.
Section 2. This Act shall take effect upon its approval.
Approved: June 17, 1948.
Share
PDF Document
Source
Official source from LawPhil:
View on LawPhil Last updated: Jul 1, 2026About
Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.