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PRESIDENTIAL DECREE NO. 1209
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PRESIDENTIAL DECREE NO. 1209 -
CREATING AN AGRICULTURAL AND RURAL DEVELOPMENT SCHOLARSHIP FUND AND FOR
OTHER PURPOSES
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chanroblesvirtualawlibrary
WHEREAS,
one of the program thrusts of the New Society is to embark on a
nationwide agricultural and rural development; chanroblesvirtualawlibrary
WHEREAS, to enhance achievement of these developmental goals, there is
a need to train deserving but needy students particularly from the
least developed regions of the country, who will become implementors
thereof;chanroblesvirtualawlibrary
WHEREAS, in order to achieve the desired training of qualified
students, there is a necessity of creating an agricultural and rural
development scholarship fund to be administered by the U.P. at Los
Baños which will offer scholarship in agricultural research,
forestry and allied sciences; chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
order and decree:cralaw:red
Section 1. There is hereby established at the
University of the Philippines at Los Baños and "Agricultural and
Rural Development Scholarship Fund" to support a selected number of
qualified and deserving students from the rural and farming sector of
the country. chanroblesvirtualawlibrary
Section 2. The sum of Five Million Pesos is hereby
appropriated out of any funds in the National Treasury annually for a
period of ten years beginning Fiscal Year 1978 to constitute the
Agricultural and Rural Development Scholarship Fund at the U.P. at Los
Baños. The fund shall be a Special Trust fund to be deposited or
invested and the earnings thereof, but not the capital, to be utilized
exclusively for the purpose of this Decree.
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 10th day of October, in the year of Our Lord, nineteen hundred and
seventy-seven.
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