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Republic
of the Philippines
OFFICE OF THE PRESIDENT
COMMISSION ON HIGHER EDUCATION
CHED
MEMORANDUM ORDER (CMO)
NO. 05, Series of 2003
SUBJECT:
UTILIZATION OF THE NATIONAL SERVICE TRAINING PROGRAM
(NSTP) TRUST FUND
In
line with the implementation of the National Service
Training Program (NSTP) by virtue of RA 9163 or the
NSTP Law of 2001 effective AY 2002-2003, the same
guidelines and provisions stipulated in CMO No. 20,
s. 1999 re: Utilization of ROTC Trust Fund, shall
remain effective and adopted by all higher education
institutions offering any one of the components of
the NSTP, to wit:
1.
NSTP fees collected shall constitute a Trust Fund,
70% of which shall be exclusively used for the operation
of the Program;
2.
The remaining 30% retained by the school, shall serve
as contingency funds especially in unprogrammed activities
not originally included in the Program of Expenditures
prepared by the ROTC Commandant or CWTS/LTS Coordinator
and approved by the school head;
3.
The remaining fund balance shall be carried over to
the next semester;
4.
Expenditures/disbursement shall be subjected to periodic
audits by the proper school authorities and concerned
NSTP Officers; and
5.
ROTC Commandants/CWTS and LTS Program Coordinators
shall submit a comprehensive report on the utilization
of the NSTP Funds to their respective school heads
and Reserve Unit Commanders/Program Heads, two (2)
weeks after the end of every semester.
For
compliance of all concerned.
Pasig
City, March 14, 2003.
(SGD.) ESTER ALBANO GARCIA
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