AN ACT AMENDING REPUBLIC ACT NO. 7306, ENTITLED "AN ACT PROVIDING FOR THE ESTABLISHMENT OF THE PEOPLE’S TELEVISION NETWORK, INCORPORATED, DEFINING ITS POWERS AND FUNCTIONS, PROVIDING FOR ITS SOURCES OF FUNDING AND FOR OTHER PURPOSES

Fifteenth Congress

Third Regular Session

Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve.

REPUBLIC ACT No. 10390

AN ACT AMENDING , ENTITLED "AN ACT PROVIDING FOR THE ESTABLISHMENT OF THE PEOPLE’S TELEVISION NETWORK, INCORPORATED, DEFINING ITS POWERS AND FUNCTIONS, PROVIDING FOR ITS SOURCES OF FUNDING AND FOR OTHER PURPOSES"

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

TITLE I. – GENERAL PROVISIONS

Section 1. Title. – This Act shall be known as "An Act Revitalizing the People’s Television Network, Incorporated".

Section 2. Section 2 of Republic Act No. 7306 is hereby amended to read as follows:

TITLE II. – CREATION AND DOMICILE

Section 3. Section 5 of Republic Act No. 7306 is hereby amended to read as follows:

TITLE IV. – POWERS AND FUNCTIONS

Section 4. Subsections (e) and (h) of Section 8 of Republic Act No. 7306 is hereby amended to read as follows:

Section 5. Subsection (e) of Section 9 of Republic Act No. 7306 is hereby amended to read as follows:

TITLE V. – CORPORATE STRUCTURE

Section 6. Section 10 of Republic Act No. 7306 is hereby amended to read as follows:

Section 7. Insert a new Section 10-A which shall read:

Section 8. Section 12 of Republic Act No. 7306 is hereby amended to read as follows:

Section 9. Section 14 of Republic Act No. 7306 is hereby amended to read as follows:

TITLE VI. – PROGRAM STANDARDS

Section 10. Section 16 of Republic Act No. 7306 is hereby amended to read as follows:

Section 11. Section 17 of Republic Act No. 7306 is hereby amended to read as follows:

TITLE VII. – FINANCIAL PROVISIONS

Section 12. Section 18 of Republic Act No. 7306 is hereby amended to read as follows:

Section 13. Section 19 of Republic Act No. 7306 is hereby amended to read as follows:

Section 14. Insert a new Section 19-A which shall read:

TITLE IX. – TAX EXEMPTIONS

Section 15. Insert a new Section 21-A which shall read:

TITLE X. – EMPLOYEES OF THE NETWORK

Section 16. Section 22 of Republic Act No. 7306 is hereby amended to read as follows:

Section 17. Section 23 of Republic Act No. 7306 is hereby amended to read as follows:

Section 18. Reorganization of the Network. – Ninety (90) days from the approval of this Act, the Board of Directors is hereby empowered to reorganize the Network to make it more effective and innovative. For this purpose, the Board may abolish or create offices, transfer functions, equipment, properties, records, and personnel, institute cost-cutting and other related measures to carry out the said objectives, subject to the provisions of Republic Act No. 10149, otherwise known as the "GOCC Governance Act of 2011″: Provided, That any official or employee of the Network who may be affected by reason of the reorganization authorized herein shall be entitled to such benefits.

Section 19. Separation and Retirement Benefits. – In the event an employee is separated from the Network by reason of reorganization, abolition, or creation of offices, or institution of cost-cutting and other similar measures, the employee shall be entitled to a separation benefit equivalent to one (1) month salary for every year of service in the government: Provided, That the separated or displaced employee has rendered at least one (1) year of service at the time of the effectivity of this Act.

TITLE XI. – MISCELLANEOUS PROVISIONS

Section 20. Implementing Rules and Regulations. – Within ninety (90) days from the effectivity of this Act, the Presidential Communications Operations Office (PCOO) shall draft, the implementing rules and regulations of this Act in consultation with the various stakeholders from government, and private sectors.

Section 21. Amendments. – The provisions of this Act shall be subject to amendments, alteration or repeal by the Congress of the Philippines, when public interest so requires.

Section 22. Separability Clause. – If any provision or part of this Act is declared invalid or unconstitutional, the remainder shall not be affected thereby and shall continue to be in full force and effect.

Section 23. Repealing Clause. – All laws, decrees, executive orders, administrative orders, rules and regulations, and other issuances or parts thereof inconsistent herewith are hereby repealed, amended or modified accordingly.

Section 24. Effectivity Clause. – This Act shall take effect fifteen (15) days after its publication in two (2) national newspapers of general circulation.

Approved,

This Act which is a consolidation of Senate Bill No. 3316 and House Bill No. 6703 was finally passed by the Senate and the House of Representatives on January 21, 2013 and December 19, 2012, respectively.

Approved: MAR 14 2013

(Sgd.) BENIGNO S. AQUINO III
President of the Philippines