The Philippine Charity Sweepstakes Office is about to get a much-needed replace to its 63-year-old constitution, if a bill by Sen. Panfilo Lacson is handed into regulation.

Senate Bill 1470 seeks to vary the workplace’s identify to the Philippine Charity Office (PCO), to assist it sustain with new variations of lotteries.

But Lacson added the bill additionally seeks to assist the company extra accountable, after it was embroiled in irregularities in previous many years.

“The provisions in this bill allow the PCSO Charter to adapt to the changing system of and emerging variations of lotteries and similar activities. The bill also seeks to strengthen the Charter by one, making the PCSO more accountable to the public; and two, limiting its discretion in the distribution of its funds,” Lacson mentioned.

Under the bill, the proposed PCO’s main mandate will likely be to boost revenues to fund well being packages, medical help and providers, and associated authorities charities.

It would be the sole entity licensed to advertise, manage, function, maintain and conduct lotteries, sweepstakes and comparable actions within the nation.

Also, it could additionally have interaction in well being and welfare-related investments and packages, together with profit-oriented ones.

The PCO can have a five-member board of administrators appointed by the President.

Board members needs to be “without political affiliation,” and can have fastened phrases of workplace and shall elect amongst themselves the chairman of the board.

Meanwhile, native authorities models with jurisdiction over areas the place native lotteries are to be operated needs to be consulted. They will likely be entitled to seven p.c of the product sales/receipts from their locality.

“The amount received by the LGUs shall only be used to fund their healthcare or medical programs and services, provided that the municipality or city shall appropriate 20 percent of their share for the programs, activities and projects of their respective Peace and Order Councils,” Lacson mentioned.

The PCO could conduct an audit on the right use of funds acquired by native authorities models the place native lotteries are held, and droop the discharge of LGUs’ shares if there are irregularities.

The bill penalizes with imprisonment of 1 to a few years and a high-quality of P500,000 to P1 million the promoting of tickets or giving of prizes to minors, members of the board or PCO staff; lottery brokers and AACs extending credit score or lending cash to purchase tickets; and authorities officers or staff whose names seem on tickets or pay slips of lottery video games or on any prize or instrument used for cost of prizes.

Unlicensed brokers or AACs face imprisonment of six to 12 years, and a high-quality of P5 to P10 million.

Source: politics.com.ph