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PRESIDENTIAL DECREE NO. 503
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PRESIDENTIAL DECREE NO. 503
- APPROPRIATING FUNDS FOR THE OPERATION OF THE GOVERNMENT OF THE
REPUBLIC OF THE PHILIPPINES DURING THE PERIOD FROM JULY FIRST, NINETEEN
HUNDRED SEVENTY-FOUR TO JUNE THIRTIETH, NINETEEN HUNDRED SEVENTY-FIVE
AND FOR OTHER PURPOSES
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chanroblesvirtualawlibrary
WHEREAS, it
is necessary for the operation of the Government of the Republic of the
Philippines that funds be appropriated for the purpose;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 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 the continuous
operation of the Government, do hereby issue this decree. chanroblesvirtualawlibrary
Section 1. Appropriation of funds. — The following
sums or so much thereof as may be necessary, are hereby appropriated
out of any funds in the Philippine Treasury not otherwise appropriated,
for the operation of the government of the Republic of the Philippines
during the period from July first, nineteen hundred and seventy-four to
June thirtieth, nineteen hundred and seventy-five except where
otherwise specifically provided: chanroblesvirtualawlibrary
Approved: June 30, 1974
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