Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

16" Congress
Second Regular Session

6002
HOUSE BILL NO.

Introduced by Representative WESLIE T. GATCHALIAN

EXPLANATORY NOTE

Article XIV, Section 2, of the Philippine Constitution provides that “The State shall:
(1) Establish, maintain, and support a complete, adequate, and integrated system
of education relevant to the needs of the people and society.”

In the same way, with the countless business opportunities in the Philippine
market, the ASEAN Economic Integration and the impressive growth in the
business landscape, the study and specialization in business and finance become
more appealing as the success in that field encourages elevation of an individual’s
welfare and increases national productivity.

It is for this reason that this bill, “AN ACT ESTABLISHING THE PHILIPPINE BUSINESS
AND FINANCE HIGH SCHOOL SYSTEM AND PROVIDING FUNDS THEREFOR’ is filed.


The bill seeks to establish "Philippine Business and Finance High School" with
campuses at Metro Manila, Cebu City, and Davao City under the administrative
supervision of the Department of Finance.

The school will be a specialized secondary school on scholarship basis, with
special emphasis on subjects pertaining to Business, Finance and Management
apart from the regular secondary curriculum with the end in view of preparing its
students for a business and finance career as a priority area in order to prepare
the youth a mindset responsive to the call of times in developing self-sufficient,
self-reliant, and empowered high school students.

Approval of this bill is earnestly sought.

ATCHALIAN


Republic of the Philippines
HOUSE OF REPRESENTATIVES.
Quezon City

16" Congress
Second Regular Session

HOUSE BILL NO. 6002

Introduced by Representative WESLIE T. GATCHALIAN

AN ACT
ESTABLISHING THE PHILIPPINE BUSINESS AND FINANCE HIGH SCHOOL SYSTEM
AND PROVIDING FUNDS THEREFOR

Be it enacted by the Senate and House of Representatives of the Philippines
in Congress assembled:

Section 1, Short Title. - This Act shall be known as the "Philippine Business
and Finance High School (PBFHS) System Act of 2015."

Section 2. Creation.- There is hereby established a high school to be known
as the "Philippine Business and Finance High School."

Section 3. Purpose. - The purpose of the said high school shall be to offer
ona free scholarship basis a secondary course with special emphasis on subjects
pertaining to the Business and Finance with the end in view of preparing its
students for a business and finance career.


Section 4. The High School System. — The Philippine Business and Finance
High School System shall be composed of:

Philippine Business & Finance High School — Metro Manila Campus
Philippine Business & Finance High School — Cebu City Campus
Philippine Business & Finance High School — Davao City Campus

and those that may be created in the future.

Section 5. Overall Coordinating Authority.- The PBFHS System shall be
under the administrative supervision of the Department of Finance (DOF).

Section 6. Board of Trustees. — There shall be a Board of Trustees composed
of the secretary of the DOF as ex-officio Chairman, the secretary of DePED as ex-
officio Vice Chairman, and the following members: The Executive Director of
PBFHS, one (1) representative from the business sector, one (1) from the
agricultural sector, one (1) from the academic sector, and one (1) from the
consumer group.

The private sector representatives shall be appointed by the Chairman
subject to the confirmation of the Board of Trustees. For the first set of
appointments, two (2) of them shall serve for four (4) years, while the other two
(2) for two (2) years, thereafter, succeeding appointments shall have a fixed term
of four (4) years.

The Board shall exercise the following powers:

a. To affix the site of the PBFHSS;

b. To receive and appropriate to the ends specified by law such sums as
may be provided by law for the support of the High School;

c. Formulate policies and guidelines for the administration and
operation of the PBFHS System;

d. Formulate policies on the appointment, promotion, retention,
removal, renewal, rewards and incentives for administrators, faculty
and staff;

e. Approve the curricula submitted by the Executive Director;

Ai Approve the criteria for the selection and admission of students;


g. Approve the grant of scholarship, stipend and such allowances for
students;

h. Approve the graduation of successful candidates from the various
PBFHS campuses;

i. Formulate policies and rules of discipline for students, faculty and
staff;

j. Approve the PBFHS System budget and appropriate to the ends
specified by law such sums as may be provided by law for the
support of the System;

k. Receive grants whether cash, land, buildings and improvements
thereof; donations, contributions, bequest, gifts, and to formulate
policies for the administration thereof;

iF Develop policies for the expansion of enrolment in the campuses
under the PBFHS System;

m. Set policies and criteria to rationalize the establishment of business
and finance high schools under the System, for its evaluation and
approval thereof; and

Section 7. Executive Director (ED).— There shall be an Executive Director
who shall be appointed by the Chairman, subject to the approval of the Board and
shall be conferred the rank equivalent to a bureau director with a fixed term of six
(6) years, renewable for another term. The ED shall coordinate the
implementation of policies and guidelines set by the Board of Trustees. As a
member of the Board of Trustees, the ED shall articulate to the Board the mutual
concern of all the campuses.

The ED shall perform the following roles and functions:

a. Coordinate curriculum planning activities for the PBFHS System;

b. Oversee research projects on business, finance and economics;

c. Coordinate publication of research outputs of the teachers,
administrators and students from the PBFHS System;

d. Provide legal and technical support to the members of the System;

e. Coordinate exchange programs with other educational institutions both
foreign and local.


f. Develop and coordinate linkages and networking among the campuses
of the PBFHS System with other institutions;

g. Coordinate the implementation of the program for the identification
and selection of scholars for the PBFHS System;

h. Provide for the secretariat services of the Board of Trustees;

i. Perform other functions as may be deemed necessary.

for the efficient and effective implementation of the foregoing functions, the
Executive Director shall be provided with a staff.

Section 8. Campus Director (CD). - The school shall be headed by a CD who
shall be appointed by the Board, upon recommendation of the Executive Director
on the basis of a search process. He/she shall have a fixed term of six (6) years,
renewable for another term at the option of the Board. The CD shall not be
removed from office except for a just cause.

The CD shall be the administrative and academic head of his/her campus
and will be responsible for its smooth operations. The CD may constitute a
consultative body which may act as a citizen's arm to interpret the educational
needs of the service area of the campus.

Section 9. To carry out the purpose of this Act, including the operation of
the High School, the acquisition, improvement, and conditioning of the land on
which the High School shall be located, the construction, maintenance, and repair
of buildings and improvements, and the acquisition of furniture, fixtures and
equipment, the sum of Six Hundred Million (Php 600,000,000,00) pesos is hereby
appropriated out of any funds in the National Treasury not otherwise
appropriated.

Thereafter, the expenses of the High School, for the purposes above-
described, shall be provided in the yearly General Appropriation Acts of the
National Government: Provided, however, that any unexpected balance for any
shall also form part of the aforementioned Business and Finance High School
Fund.

Section 10. Implementing Rules and Regulations. — The Board of Trustees
shall formulate the implementing rules and regulations to carry out the
implementation of this Act.


Section 11. Separability Clause. — If, for any reason, any provision of this Act
is declared unconstitutional or invalid, the other parts or provisions hereof which
are not affected shall continue to be in full force and effect.

Section 12. Repealing Clause.— All laws, decrees, orders, rules and
regulations or portions thereof, inconsistent with this Act are hereby repealed or
modified accordingly.

Section 13. Effectivity. - This Act shall take effect on the day following its
complete publication in at least two (2) newspapers of general circulation.

Approved,