Full Title
AN ACT TO AMEND SECTION NINETEEN OF REPUBLIC ACT NUMBERED THREE HUNDRED AND NINE, ENTITLED "AN ACT TO REGULATE HORSE-RACING IN THE PHILIPPINES".
Congress
House Bill No.
H. No. 1026
Legislative History
Date of Approval
June 9, 1950
Other Details
Issuance Category
Legislative Issuance Type
Bill Note
Subjects
Amendment Note
RA 309, sec. 19
Link From Other Sources
URL (Supreme Court)
Official Gazette
Official Gazette Source
Official Gazette vol. 46 no. 7 page 2980 (7/00/1950)
Full Text of Issuance
Click to view full text
H. No. 1026 / 46 OG No. 7, 2980 (July, 1950)
[ REPUBLIC ACT NO. 474, June 09, 1950 ]
AN ACT TO AMEND SECTION NINETEEN OF REPUBLIC ACT NUMBERED THREE HUNDRED AND NINE, ENTITLED "AN ACT TO REGULATE HORSE-RACING IN THE PHILIPPINES."
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. The first sentence of the proviso appearing in section nineteen of Republic Act Numbered Three hundred and nine is amended to read as follows:
"Provided, however, That of the twelve and one-half per centum representing the commission of the person, race-track, racing club, or any other entity holding horse-racing, an amount equivalent to one-half per centum of the total wager funds or gross receipts from the sale of tickets, plus twenty-five per centum of the breakage, shall be set aside and turned over by the person, race-track, racing club, or any other entity holding horse-racing as a special fund to the Commission on Races to cover its expenses and such other purposes authorized under this Act."
SEC. 2. This Act shall take effect upon its approval.Approved, June 9, 1950.
Source: Supreme Court E-Library