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SOURCE OF FUNDS IN PHILIPPINE EDUCATION

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by

hydie abrajano

on 13 April 2015

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Transcript of SOURCE OF FUNDS IN PHILIPPINE EDUCATION

REPUBLIC ACT No. 5447

AN ACT CREATING A SPECIAL EDUCATION FUND TO BE CONSTITUTED FROM THE PROCEEDS OF AN ADDITIONAL REAL PROPERTY TAX AND A CERTAIN PORTION OF THE TAXES ON VIRGINIA-TYPE CIGARETTES AND DUTIES ON IMPORTED LEAF TOBACCO, DEFINING THE ACTIVITIES TO BE FINANCED, CREATING SCHOOL BOARDS FOR THE PURPOSE, AND APPROPRIATING FUNDS THEREFROM.
A. FUNDING OF REPUBLIC SCHOOLS
1. National Funds
2. Financial Aid Assistance to Public Secondary Schools
3. Share of Local Government
4. Special Education Fund
5. Tuition and other School Fees
6. Income from other Sources

FUNDING OF PRIVATE SCHOOLS
1. Funding of Private Schools
2. Government Assistance
3. Tuition and Other Fees
4. Income from Other Sources
5. Institutional Funds
INCENTIVES TO EDUCATION
Sources of School Funds
1. Parents
2. Central government
3. Local authorities
4. Community groups
5. School facilities
6. Pupils
7. Fund raising
SOURCES OF FUNDS in PHILIPPINE EDUCATION
By :
Hydie D. Abrajano
Relating to School Property
Relating to Gifts or Donations to Schools
Relating to Earnings from Established
Scholarship Funds
School Dispersal Program
Conversion to Educational Foundations
Full transcript