Republic Act No. 4069

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

The Government of the Republic of the Philippines shall import cattle, tax-free, or purchase the same locally for breeding purposes.

Section 2

Such cattle shall be loaned to every farmer in the Philippines who may wish raise cattle: Provided, That the Bureau of Animal Industry, which shall take charge of the implementation of this Act, shall disperse said cattle loans to all places in the Philippines with available feed supply and with priorities being given to provinces and municipalities without cattle breeding or livestock stations: Provided, further, That farmers who already own at least one head of cow shall not be eligible to the benefit under this Act, unless he shall lose such cow upon or after the approval of this Act.

Section 3

The contract of loan for the purpose of this Act shall be such that for every one cattle loaned to the farmer, two cattle shall be returned to the Government from the first calving, if possible.

Section 4

Each farmer who has obtained a cattle loan shall be accountable for the same until it is fully paid in accordance with the provisions of this Act, except in force majeure cases.

Section 5

A farmer who has obtained a cattle loan but has lost his cattle may obtain another loan, subject to the provisions of the next preceding section: Provided, That priorities shall be given to farmers who have not obtained any cattle loan.

Section 6

The Director of Bureau of Animal Industry shall promulgate such rules and regulations as may be necessary to carry out effectively the provisions of this Act.

Section 7

The sum of fifty million pesos is appropriated out of the proceeds of bonds which the Central Bank is hereby directed to float for purposes of this Act.

Section 8

This Act shall take effect upon its approval.

Approved: June 18, 1964.