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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 357 - APPROVING
THE ALLOCATION OF A FIVE PERCENT SHARE FOR LOCAL GOVERNMENT UNITS FROM
THE LOTTO CHARITY FUND AND PROVIDING THE SHARING SCHEME THEREFOR
WHEREAS, the Philippine Charity
Sweepstakes Office (PCSO) is the principal government agency for
raising and providing funds for health programs, medical assistance and
services and charities of national character;
WHEREAS, the PCSO is also the national agency responsible for operating
and supervising the charity sweepstakes races, the lottery and other
similar activities as a source of funds consistent with its charter;
WHEREAS, the PCSO rules mandate the setting aside of thirty (30%)
percent of its net receipts from its lotto operations as a Lotto
Charity Fund;
WHEREAS, the PCSO Board of Directors has resolved to grant five (5%)
percent of the thirty (30%) percent Lotto Charity Fund in favor of the
local government units where lotto tickets are sold;
WHEREAS, Republic Act No. 1167 * entitled “An Act Providing for Charity
Sweepstakes, Horse Races and Lotteries” requires presidential approval
for grants such as that made by the PCSO Board in favor of the local
government units where lotto tickets are sold;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order the following:
Section 1.
Sec. 2.
1.
2.
Sec. 3.
Sec. 4.
Sec. 5.
DONE in the City of Manila,
this 5th day of August in the year of Our Lord, Nineteen Hundred and
Ninety-Six.
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