05/02/2020 R.A. 6766 the Regional Government shall assist local government units in their requirements for counterpart funds for foreignassisted projects. Section 7. Subject to existing national laws, donations or grants to the Autonomous Region exclusively to finance, to provide for, or to be used in undertaking projects in education, health, youth and sports development, human settlement, science and culture, and in economic development shall be deductible in full in determining the taxable income of the donor or grantor. Section 8. The Cordillera Assembly shall have the power to grant tax incentives or exemption on taxes which the Autonomous Region is empowered under this Act to impose. A law granting tax exemption shall only be passed with the concurrence of a majority of all the Members of the Cordillera Assembly. Section 9. Foreign loans may be contracted only in accordance with the provisions of the Constitution and national laws: Provided, That the Cordillera Governor may contract domestic loans subject to the approval of the Cordillera Assembly. ARTICLE XIV Agriculture, Trade and Industry, Tourism, and Cooperatives Section 1. The Regional Government shall, as a basic policy, promote agricultural production for domestic or commercial needs. Section 2. The conservation, protection and utilization of water resources for agricultural purposes shall be given priority. Section 3. The Regional Government shall promote and develop inland fishery production in areas where the industry is viable. Section 4. The Regional Government shall undertake research and pass legislation to enforce floor prices on agricultural and industrial products and ceiling prices on agricultural inputs, and provide and strengthen extension services to farmers free of charge. Section 5. The Regional Government shall encourage the establishment of small and medium-scale cottage industries using efficient and productive methods. It shall undertake measures to provide for their protection and financing requirements. Section 6. The Regional Government shall provide for the proper utilization and disposal of industrial waste. Section 7. The Regional Government shall adopt measures to prevent flight of capital from the region. Section 8. The Regional Government shall adopt measures against monopolies in public utilities, development, trading and similar concerns. It may, in the interest of regional welfare and security, establish and operate pioneering public utilities. Upon payment of just compensation, it may transfer the ownership of such utilities to cooperatives or other collective organizations. Section 9. The Regional Government shall adopt measures to prevent the manufacture, importation, distribution or sale of agricultural and industrial inputs found to be biologically or environmentally harmful. Section 10. The Regional Government shall adopt measures to initiate, encourage and develop industrialization in the region, taking into account the culture and capabilities of the people of the area to control or manage their resources, the ecological needs of the area and the conservation of resources. Section 11. Consistent with the preservation of cultural heritage and the protection of ecology, the Regional Government shall promote tourism within the region. The Cordillera Assembly shall establish offices and facilities that shall implement tourism concerns. Section 12. The Regional Government shall encourage, promote and support the establishment of economic zones, industrial centers, and development ports in strategic areas and growth centers in the Autonomous Region, including the necessary infrastructures therefor. Section 13. The Regional Government shall, subject to national policies and in coordination with the National Government, encourage and regulate foreign investments and the exportation of indigenous products, in accordance with its goals and priorities. Section 14. The Regional Government shall recognize cooperatives as tools for economic development, social justice and people empowerment. Accordingly, it shall provide regional tax exemption and shall extend the necessary support services to cooperatives: Provided, however, That the said cooperatives shall allocate at least ten percent (10%) of their net income for community development projects. Section 15. Within one (1) year from its organization, the Cordillera Assembly shall establish a Cooperative Development Commission and define its powers, functions and mechanism for implementation. ARTICLE XV Education, Science and Technology, Language, Arts and Culture, and Sports Section 1. The Regional Government shall, consistent with the Constitution and national laws, exercise legislative powers over regional educational policies and cultural matters which shall, among other things, include: (a) The authority to establish educational institutions, colleges and universities: Provided, That regional colleges and universities created by the Autonomous Region shall enjoy fiscal and administrative autonomy subject to regional laws; (b) The development of curricula relevant to the cultural heritage, and to the economic, social, political, and moral needs of the people in the Autonomous Region, consistent with the national goals of education. Section 2. Private educational institutions shall enjoy the protection and support of the Regional Government. Section 3. The Regional Government shall establish a scholarship program for gifted or deserving youths. Section 4. The right of teachers, employees, students and parents to organize themselves and to participate in school policy-making shall be guaranteed. Section 5. The level of compensation and other benefits for teachers, non-teaching and other personnel of the educational system in the region shall at least be equal to the national standard. Section 6. The advancement of scientific research and appropriate technology shall be given priority in the allocation of funds. Section 7. Incentives and safeguards, including free patenting, shall be accorded Cordillera scientists and inventors. https://www.lawphil.net/statutes/repacts/ra1989/ra_6766_1989.html 10/14