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Republic Act No . 8525

A GREAT ACT BUILDING AN " ADOPT-A-SCHOOL PROGRAM, " PROVIDING INCENTIVES THEREFOR, AND FOR DIFFERENT PURPOSES

Overview

The Adopt-A-School Program, which in turn started in 98, was created to help generate purchases and support to education outside the popular funding and the national spending budget. Under the software, legally implemented by the verse of Republic Act Number 8525 also called " Adopt-a-School Act of 1998”, exclusive entities, possibly local or overseas get the opportunity to become partners in education through their assistance in the upgrading and modernizations of general public elementary and high educational institutions. In return, they may be to enjoy further tax offers (150 percent) as they implement their job. They are enjoined to support the colleges in any in the following areas: infrastructure, health insurance and nutrition, educating skills creation, computer and science lab equipment and learning support. The " Adopt-a-School Program" allows exclusive entities to aid a open public school, if elementary, second, or tertiary, preferably found in any of the twenty (20) poorest provinces identified by the Presidential Council for Countryside Advancement or any various other government organization tasked with identifying the poorest zone. And if it is just a foreign monetary gift, the adopting private enterprise is free from tax/duty free entry of goods susceptible to some conditions as prescribed by the Secretariat and Matching Council.

According to this Act, any private individual, group, organization or institution can be quite a partners in education. There are, however , fundamental qualifications of participants towards the Program. A personal entity that intends to participate really should have credible track record to be supported by a license of reputation with the Investments and Exchange Commission (SEC) or with the Cooperative Expansion Authority (CDA). The non-public entity must have been in living for at least a year.

Furthermore, when a school is definitely adopted, the...

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