When donations are received, according to Couch's memo, they are placed in a special-purpose fund
and then into sub-accounts to restrict expenditures to the purposes for which they were donated.
The P500 billion would come from the regular budgets of departments and agencies, special-purpose fund
and automatic appropriations, which, when removed, won't impair their operations, he said.
The European Financial Stability Facility, a special-purpose fund
It should not compound that breach of trust by making an equally unjustified raid on another special-purpose fund
It notes that a general fund is distinguished from assets of a special character, such as trust, escrow and special-purpose funds
. Black's Law Dictionary, p.
Since up to 28 months may be kept open, grants and special-purpose funds
reports can easily be prepared for any user-specified periods.
Aquino, criticized for having discretion over some P450 billion in special-purpose funds
in next year's national budget, maintained that realigning savings was "not a unilateral decision on your part."