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 fundIt 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."