Practice question
A school received exactly PHP100,000 in public grants. Its officer proposes a partisan donation, arguing that Section 95(f) requires more than PHP100,000, like the separate government-loan category. Which reading is correct?
- The educational-grant category uses no less than PHP100,000, so the stated amount reaches its threshold
- Both categories invariably require more than PHP1 million
- Exactly PHP100,000 is below every possible statutory threshold
- The grant is irrelevant solely because the school is private
- The school may choose whichever threshold it prefers
Legal references
- BP 881: https://lawphil.net/statutes/bataspam/bp1985/bp_881_1985.html Section 95(e)–(f).
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