Subsidy For Political Parties OK’d
MANILA, Philippines — The House of Representatives has approved a bill granting state subsidy to national political parties and setting limits on voluntary contributions that they may receive from donors.
Voting 168 for and zero against, members of the Lower Chamber passed on third and final reading House Bill 6551, the Political Party Development Act of 2012, on Monday.
Cavite 4th District Representative Elpidio F. Barzaga Jr., chairman of the House Committee on Suffrage and Electoral Reforms, said HB 6551 seeks to institutionalize and strengthen political parties in the country by introducing reforms in campaign financing.
Barzaga co-authored the bill with Reps. Rufus Rodriguez (PMP, Cagayan de Oro City); Juan Edgardo Angara (LDP, Quezon); and Raymond Democrito Mendoza (TUCP Party-list).
He said the bill will provide an effective and transparent mechanism to level the playing field among candidates and political parties participating in national and local elections.
The bill was approved in the past by the Lower House when it was first introduced by former Speaker Jose de Venecia.
Authors of the measure agree that the bill will effectively reduce opportunities for graft and corruption.
Under the bill, voluntary campaign contributions for political parties will be limited to P1 million from any donating “natural person” and up to P10 million if given by “juridical persons.”
Donation to political parties will be exempted from donor’s tax.
Angara, whose father is also pushing for a similar bill in the Senate, said HB 6551 also grants state subsidy for accredited national political parties which shall be used “directly and exclusively for party development and campaign expenditures.”
Funding subsidy will be based on political representation; organization’s strength and mobilization capability; and performance and track record of the party.
Total amount of state subsidy will be distributed as follows: Five percent for monitoring purposes and conduct of information dissemination and voter’s education; 30 percent for proportionate distribution to accredited political parties represented in the Senate and based on the number of seats obtained in most recent elections; and 65 percent for political parties in the House of Representatives based on the number of seats obtained during the last general elections.
All financial assistance from government will be subjected to audit and accounting examination by the Commission on Audit (COA).
Upon enactment of the bill, government will appropriate P500 million in initial funding and P350 million in each of the following years.
Rodriguez said acts prohibited under the bill are misuse of funds received by political parties; giving voluntary contributions beyond the allowable limits set by law; inability to account for all incoming contributions from whatever source; failure to submit pre-election adn post election disclosures by political parties and false reporting.
Penalties for violation of the provisions of the measure range from a fine of P100,000 to P500,000 and imprisonment of not less than six years but not more than 12 years.
Administrative sanctions to be determined by the Commission on Elections will be imposed on political parties that fail to comply with documentary requirements provided by the measure.
http://ph.news.yahoo.com/subsidy-political-parties-ok-d-122436315.html
Best Restaurant in Clark Pampanga unveils regional dinner menu featuring the classic cuisine of Italy, all designed to pair nicely with fine vintage wines from Italy’s wine regions such as Tuscany, Piedmont, Veneto and Sicily, one more reasons for food and wine lovers to travel to Angeles City, Clark Philippines to satisfy their thirst for a wonderful meal at a fine dining restaurant, the best place to eat in Pampanga.
Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions
Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration. It is one of North Luzon Philippines’ top hotels that is trouble free, risk free, and a nice place to have rest in Subic. A well-recognized and interesting hotel.
The new regional set menus rolled out recently by the best restaurant in Clark Pampanga stirred up renewed interest among visitors from Manila for real fine dining treat in Clark Pampanga as wine lovers from Subic, Tarlac, Manila, Angeles City, Clark Pampanga Philippines wine and dine at Yats Restaurant to enjoy good food paired with fine vintage wines from the wine cellars of this highly recommended resto bar in Pampanga
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.
Visitors come from Manila, Angeles City, Pampanga, Subic and Clark Philippines to enjoy a sumptuous seafood dinner at Yats Restaurant. Many guests order excellent white wine from the award-winning restaurant wine list of this famous fine dining restaurant in Clark. Favorite wine orders for guests in this restaurant include Chablis, Chassagne-Montrachet, Sancerre, Chardonnay of Chile’s Casa Lapastolle, Sauvignon Blanc from New Zealand and South Africa, Rose from Anjou, Pinot Noir from USA and Burgundy France and the all-time favorite, Meursault. A wide range of sparkling wine and Champagne is available also in this restaurant in Pampanga which is famous for its selection of vintage wines. Popular choices of guests in this restaurant include Paul Bara Champagne, Crement de Bourgogne, MUMM Cuvee Napa Sparkling wine, Prosecco and Cava.
For comments, inquiries and reservations click on Click here for inquiry and reservations
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Pampanga? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
For any assistance in planning and organizing a wedding ceremony, indoor or outdoor garden reception or to find other wedding service providers, Click here to contact us click here
For assistance in hotel and resort bookings in Clark, Pampanga, Philippines, log on to
http://www.HotelClarkPhilippines.com
To buy wine in Manila, Pampanga, Angeles City, Clark or Subic please log on to http://www. ClarkWineCenter.com
To inquire with the highly recommended beach resort hotel in Clark Pampanga visit http://www.ClearwaterPhililippines.com
For more information about Clark, Pampanga, Philippines log on to
http://www.ClarkPhilippines.com
