.
Sponsored
by: The
ChanRobles Group
A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the Chan Robles Virtual Law Library.
Search
for www.chanrobles.com
|
|
|
|
|
EXECUTIVE ORDER NO. 148 - MODIFYING
EXECUTIVE ORDER NO. 114 DATED DECEMBER 24, 1986
|
| WHEREAS,
national interest requires that Executive Order No. 114 dated December
24, 1986 be clarified for the purpose of implementing immediately the
intent and objective thereof by expediting the procedural requirements
provided under Section 2 and 5 thereof; NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order: SECTION 1. Section 2 of Executive Order No. 114 is hereby modified to read as follows: “Section
2. The Ministry of Budget and Management shall
immediately cause the release of the amount of P487 million as subsidy
to the Sugar Regulatory Administration, chargeable against any fund in
the National Treasury not otherwise appropriated for the purpose of
liquidating the unpaid obligations of the National Sugar Trading
Corporation to the sugar producers-claimants and for them to settle
their accounts with financing institutions. The Sugar Regulatory
Administration shall effect payment immediately to the Sugar
producers-claimants after its receipt of the Commission on Audit’s
certification based on the latter’s partial audits, pending the
completion of the detailed audit mandated in Section 1 hereof.”
SECTION 2. Section 5 of Executive Order No. 114 is hereby modified to read as follows: “Sec.
5. The Task Force to Study the 60-30-10 Plan
involving Sugar Lands in Negros Occidental that was created by
Memorandum Order No. 56 dated December 11, 1986 is instructed to
consider the improved financial position of sugar planters that will
result from these settlement of the National Sugar Trading Corporation
obligation in its evaluation of the said Plan which contemplates a
land-sharing and crop diversification program.”
SECTION 3. All laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly. SECTION 4. This Executive Order shall take effect immediately. Done in the City of Manila, this 3rd day of March in the year of Our Lord, nineteen hundred and eighty-seven. |
chanroblesvirtuallawlibrary
|
|
|
|
|
Harvard Computer Systems, Inc. |
Since 19.07.98.
Search
for www.chanrobles.com
.