PRESIDENTIAL DECREE NO. 784, August 27, 1975
AMENDING PRESIDENTIAL DECREE NO. 487 DATED 19 JUNE 1974 RE: THE CREATION OF PHILIPPINE CENTERS ABROAD.
virtue of the powers in me vested by the Constitution, do hereby amend
the first paragraph of Section 5 of Presidential Decree No. 487 dated 19
June 1974, to read as follows:
“SEC. 5. All Philippine Government offices or agencies and
private firms using the Center shall pay rent to the Board, Provided,
that in consideration of their service to the Center, the Philippine
Embassy or Consulate and service representatives attached to the Embassy
or Consulate shall be exempt from the payment of rent during the
Center’s first two fiscal years of operation. Provided, further, that
Philippine Government offices or agencies where the Philippine Centers
earn income from rentals, commissions and other sources shall be free of
rental payments chargeable against the net income earned by said
Centers.”
This Decree shall take effect immediately.
Done in the City of Manila, this 27th day of August, in the year
of Our Lord, nineteen hundred and seventy-five.
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(Sgd.)
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FERDINAND E. MARCOS | ||||||||
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President
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By the President: | ||||||||
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(Sgd.)
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ROBERTO V. REYES | ||||||||
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Acting Executive Secretary
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