AN ACT CREATING A NATIONAL BOOK DEVELOPMENT TRUST FUND TO SUPPORT FILIPINO AUTHORSHIP.
Be it enacted by the Senate and House of Representative of the Philippines in Congress assembled:
SECTION 1. Title. – This Act shall be known as the “National Book Development Trust Fund Act”.
SECTION 2. Statement of Policy. – It is the policy of the State to promote the continuing development of the book publishing industry in all regions of the country as embodied in Republic Act No. 8047 or the “Book Publishing Industry Development Act”. Since authorship is one of the major components of book publishing, the national book policy obliges the State to create a dynamic and conducive environment for the promotion of Filipino authorship and other creative activities in book development.