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PRESIDENTIAL DECREE NO. 3 -
APPROPRIATING FUNDS FOR PUBLIC WORKS INVOLVING REHABILITATION AND
CAPITAL DEVELOPMENT, SYNCHRONIZING THE SAME WITH PREVIOUS PUBLIC WORKS
APPROPRIATIONS
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| WHEREAS, the rehabilitation and
reconstruction of damaged infrastructure facilities due to the recent
calamities is a primordial duty of the Government, to bring about
normality in the economic and social activities of the people; WHEREAS, in addition to rehabilitation and reconstruction, development efforts must be carried on with even greater effect, to avoid economic stagnation; WHEREAS, the implementation of the rehabilitation and reconstruction and the undertaking of other development projects would require the availment of financial assistance preferred by international lending institutions and other governments; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081 dated September 21, 1972, and General Order No. 1 dated September 22, 1972, as amended, and for sustained development of the economy, do hereby issue this decree. For this purpose, the attached appropriations measure is hereby adopted and decreed as part of the law of the land. Done in the City of Manila, this 26th day of September, in the year of Our Lord, nineteen hundred and seventy-two. |
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