Republic of the Philippines
HOUSE OF REPRESENTATIVES’ _
Quezon City > REC EIVED
it ine Abe 2014

SIXTEENTH CONGRESS
First Regular Session

House Bill No. 4300

Introduced by: REPRESENTATIVE ERIC L. OLIVAREZ

EXPLANATORY NOTE

Education is the only effective weapon we have against poverty. It is
through education that the people learn about their fundamental rights and
make well-informed decisions, It is decent education that fuels people to be
vigilant in defending their place, status and stance in society and in
transforming the nation into a better-functioning government. In short, a
country with well-educated citizens is easily lead towards progress and
development.

That being said, it is just proper that academic excellence be given high
regard. In a nation where poverty is very prevalent, students who do well in
school and who strive to finish college in order to help themselves and their
families, despite the hardships they are experiencing at present brought about
by lack of resources and means, shall not go unnoticed or overlooked. Rather,
their brilliance coupled with perseverance and undying fighting spirit must be
rewarded and their enthusiasm to learn must be further encouraged.

Every student who performs well academically most definitely possesses
an intense passion for learning and love for knowledge. This kind of young
people are the nation’s hope towards better governance and leadership. This
kind of students who genuinely pursue excellence in what they do will be and
should be the future leaders of our country. And it is the State’s responsibility
to make sure that these young intelligent people get an opportunity to finish
their studies regardless of their station in life. It is the state’s duty, as it is also


for its own benefit, to ensure that such brilliant minds will not be wasted just
because of financial restraints.

Through this bill, the top 3 graduating high school students, the best
among the best in every graduating batch so to speak, shall be automatically
given scholarship grants in the form of cash incentives to help them advance to
college/tertiary level, the matriculation for which, as we all know, is getting
more expensive by the year.

Through this simple cash incentive, the deserving students will have
sufficient stepping stone to pursue the career they want and reach for their
dreams.

It is for this reason that the approval of this bill is being sought.

et

ERIC L, OLIVAREZ


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

SIXTEENTH CONGRESS
First Regular Session

House Bill No, 4300

Introduced by: REPRESENTATIVE ERIC L, OLIVAREZ

AN ACT GRANTING CASH INCENTIVES TO THE TOP
THREE GRADUATING STUDENTS OF PUBLIC SCHOOLS
IN THE COUNTRY

SECTION 1. Short Title. This Act shall be known as “The Cash
Incentive for the top 3 High Schools Students Act of 2014”;

SECTION 2. Coverage. This Act shall cover only public high schools in
the country.

SECTION 3. Cash Incentives. The Top 3 graduates of every public high
school in the country shall be awarded cash incentives on the day of their
commencement exercises, as follows:

VALEDICTORIAN = P10,000.00
SALUTATORIAN = P5,000.00
FIRST HONORABLE MENTION = P3,000.00

SECTION 4. Appropriations. The said cash incentives shall be sourced
from the funds of the Local Government Unit where the high school is under.


SECTION 5. Non-Prejudicial Clause, Said cash incentives granted
under this Act shall be without prejudice to the other existing scholarship
grants being enjoyed by high school graduates.

SECTION 6, Repealing Clause. ~ All laws, presidential decrees, letters
of instructions, executive orders, rules and regulations insofar as they are
inconsistent with this Act, are hereby repealed or amended as the case may be.

SECTION 7. Separability Clause. - In the event that any provision of
this Act or any portion thereof is declared unconstitutional by a competent
court, the other provisions shall not be affected thereby and shall remain valid
and enforceable.

SECTION 8. Effectivity Clause. - This Act shall take effect after its
complete publication in at least three (3) newspapers of general circulation.

APPROVED.