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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 256 -
GUIDELINES THAT WILL GOVERN THE OPERATIONS OF THE GUARANTEE FUND FOR
SMALL AND MEDIUM ENTERPRISES PENDING ITS FULL CONSOLIDATION/INTEGRATION
WITH THE SMALL BUSINESS GUARANTEE AND FINANCE CORPORATION AND RELATED
MATTERS
WHEREAS,
Executive Order No. 233, dated April 26, 2000, directed the transfer of
the supervision and control over the Livelihood Corporation (“Livecor”)
from the Office of the Executive Secretary to the Department of
Agriculture;
WHEREAS, the same Executive Order likewise mandated that the Guarantee
Fund for Small and Medium Enterprises (“GFSME”) shall be attached to
the Department of Trade and Industry (“DTI”) for supervision, control,
policy/program coordination;
WHEREAS, to ensure the continued implementation of the programs of
GFSME pending full consolidation/integration with the Small Business
Guarantee and Finance Corporation (“SBGFC”) certain changes in the
internal and external operations of GFSME will have to be effected;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order:
Section 1.
Sec. 2.
Sec. 3.
1.
2.
3.
4.
The Management Committee shall meet at least once a month or as often as the exigencies of the service demand. The presence of at least four (4) members shall constitute a quorum and the vote of a majority of the members present there being a quorum shall be necessary for the adoption of any act or resolution.
A Committee Secretary shall likewise be appointed by the DTI Secretary who shall be responsible for the preparation of minutes of the meetings and shall perform such other duties as may be required to effect the holding of regular Management Committee meetings.
The DTI Secretary is hereby authorized to grant reasonable honoraria/fee to the members of the Committee and the Secretary thereof.
Sec. 4.
a)
b)
c)
d)
e)
f)
Sec. 5.
Sec. 6.
Sec. 7.
Sec. 8.
DONE in the City of Manila,
Philippines, this 20th day of June, in the year of our Lord, Two
Thousand.
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