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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 316 -
TRANSFERRING THE ATTACHMENT OF THE GUARANTEE FUND FOR SMALL AND MEDIUM
ENTERPRISES TO THE DEPARTMENT OF AGRICULTURE
WHEREAS,
Executive Order No. 233, s. 2000 effected the transfer of the
attachment of the Livelihood Corporation (LIVECOR) and the Human
Settlements Development Corporation (HSDC) from the Office of the
Executive Secretary to the Department of Agriculture;
WHEREAS, under the same Executive Order, the Guarantee Fund for Small
and Medium Enterprises (GFSME), a program component of LIVECOR, was
directed to be attached to the Department of Trade and Industry;
WHEREAS, Executive Order No. 256 provides interim guidelines for the
operation of the GFSME under the new set-up;
WHEREAS, Memorandum Circular No. 001-4, s. 1984 established the GFSME
as a Trust Account of LIVECOR and expressly authorizes LIVECOR to place
the GFSME under its direct control and management, and the earnings of
GFSME to be utilized for such purposes as the Board of Trustees of
LIVECOR may determine;
WHEREAS, as provided in Letter of Instruction No. 144, LIVECOR was
empowered to manage the GFSME, as a program component that shall
support LIVECOR’s mandate of developing and generating livelihood
opportunities through the establishment of viable agro-processing
centers;
WHEREAS, GFSME remits thirty percent (30%) of its income to LIVECOR,
making GFSME one of LIVECOR’s major sources of income, as LIVECOR does
not receive any budgetary allocation from the National Treasury;
WHEREAS, the GFSME is a vital component of LIVECOR’s integrated
programs;
WHEREAS, the separation of GFSME from LIVECOR will result to legal and
administrative complications adverse to public interest;
WHEREAS, under Sec. 31, Chapter 10, Book III of the Administrative
Code of 1987, the President of the Philippines has continuing authority
to reorganize the administrative structure of the Office of the
President, and may transfer any agency under the Office of the
President to any other department or agency;
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 as follows:
Section 1.
Sec. 2.
Sec. 3.
Done in the City of Manila,
Philippines, this 9th day of November, in the year of Our Lord, Two
Thousand.
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