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PRESIDENTIAL DECREE NO. 800
PRESIDENTIAL DECREE NO. 800 -
PROVIDING THAT THE SPECIAL FUND CREATED UNDER Section 7 (J) OF REPUBLIC
ACT NO. 6173 AS AMENDED SHALL NOT REVERT TO THE GENERAL FUND EXCEPT
UPON SPECIFIC DIRECTION OF THE PRESIDENT
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WHEREAS,
there was created under Section 7(J) of Republic Act No. 6173 as
amended, a Special Fund to "be utilized for projects relating to the
consumption or use of crude oil, gas, and other petroleum products; for
the development of other sources of energy; for exploration and
researches on conservation, anti-pollution and other similar studies;
to subsidize importation of crude oil and refined petroleum products by
government agencies, or government-owned or controlled corporations, to
assure adequate and continuous supply of petroleum products at
reasonable prices; and such other special economic and social projects
as may be determined by the President of the Philippines;" chanroblesvirtualawlibrary
WHEREAS, it is necessary to assure that said special fund and any
unexpended balances thereof or accruals thereto, does not revert and/or
is transferred to the general fund or otherwise abolished by operation
of law, but continue to be available for the high priority projects and
purposes for which it was created;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 the following as part of the law of the land:cralaw:red
Section 1. Any provision of any special or general
law or decree, including but not limited to Presidential Decree No.
711, to the contrary notwithstanding, the special fund created under
Section 7(J) of Republic Act No. 6173 as amended shall not be abolished
and or reverted and/or transferred to the General Fund of the
Government except upon specific direction of the President of the
Philippines but shall remain and continue as a special account
available for continuing outlay by the President. chanroblesvirtualawlibrary
Section 2. This decree shall take effect immediately.
Done in the City of Manila this
16th day of September, in the year of Our Lord, nineteen hundred and
seventy-five.
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