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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 968 -
ENSURING THAT CONTRACTS ARE SIGNED ONLY WHEN SUPPORTED BY AVAILABLE
FUNDS |
WHEREAS, agencies of the government
contract routinely for capital projects and for the supply of
materials, services, and other items of current operating expenditure; WHEREAS, existing regulation of government require the availability of funds as precondition for entering into such contracts; WHEREAS, it is necessary to ensure the proper recording of such contract agreements in the books of account of government; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby Order and Instruct: 1.
All contracts for capital projects and for the supply of commodities
and services, including equipment, maintenance contracts, and other
agreements requiring payment which are chargeable to agency current
operating or capital expenditure funds, shall be signed by agency heads
or other duly authorized official only when there are available funds.
The Chief Accountant of the contracting agency shall sign such
contracts as witness and contracts without such witness shall be
considered as null and void; Done in the City of Manila, this 17th day of December, nineteen hundred and seventy-nine. chanrobles virtual law library Back to Main Since 19.07.98.
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