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PRESIDENTIAL DECREE NO. 3
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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; chanroblesvirtualawlibrary
WHEREAS, in addition to rehabilitation and reconstruction, development
efforts must be carried on with even greater effect, to avoid economic
stagnation;chanroblesvirtualawlibrary
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;chanroblesvirtualawlibrary
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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