A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the
Chan Robles Virtual Law Library
PRESIDENTIAL DECREE NO. 1382
PRESIDENTIAL DECREE NO. 1382 -
CREATING A CONSULTING GROUP IN THE OFFICE OF THE SECRETARY OF FINANCE
AND APPROPRIATE FUNDS THEREFOR
|
chanroblesvirtualawlibrary
WHEREAS,
The Secretary of Finance has key involvement as Representative of the
Republic of the Philippines in international financial institutions
like the International Monetary Fund, World Bank, Asian Development
Bank, and other international bodies;chanroblesvirtualawlibrary
WHEREAS, in facing the many financial problems of development, the
Philippines will require external financing for some time to come, and
solutions would hinge on the cooperative efforts that the financial
authorities, led by the Secretary of Finance, will exert to develop and
enhance the credit worthiness of the country;chanroblesvirtualawlibrary
WHEREAS, in order to meet the requirements of international lending
institutions in contemplated loan negotiations to be undertaken by the
Secretary of Finance, it is important to determine and identify some of
the problems of government and government-controlled corporations which
may from time to time be in need of financial assistance so they can be
systematically integrated into the overall framework of the borrowing
program of the Government;chanroblesvirtualawlibrary
WHEREAS, the Secretary of Finance, in order to be able to secure the
necessary data and information from government and
government-controlled corporations, and from whatever source, as well
as determine their liquidity and viability, must of necessity be
provided with highly qualified technical assistance and support.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order the following:cralaw:red
Section 1. Creation: Functions. — There is hereby
created in the Department of Finance a Consulting Group which shall
have the following functions:cralaw:red
(1) To assist or represent the Secretary of Finance
in international bodies such as the IMF, World Bank, ADB, UNCTAD, and
other international bodies;chanroblesvirtualawlibrary
(2) To look into the financial operations of
government and government-controlled corporations which may be in need
of financial assistance;chanroblesvirtualawlibrary
(3) To formulate and recommend international
financial policies that have general significance to the economy;chanroblesvirtualawlibrary
(4) To conduct researches on policies and programs
with regard to bilateral and unilateral development assistance;chanroblesvirtualawlibrary
(5) To perform such other special functions which
the Secretary of Finance may assign from time to time.
Section 2. Composition and Compensation. — The
Consulting Group shall be composed of highly trained technical men and
specialists with sufficient experience in the field of international
finance development as well as in financial operations of government
and government-controlled corporations to be hired by the Secretary of
Finance on contractual basis.
Any provision of law to the contrary notwithstanding the hiring of
specialists and consultants as well as appointment to positions created
under Section 3 hereof shall be exempt from the requirements and
restrictions of the Civil Service Law, rules and regulations and those
of the Office of Compensation and Position Classification (OCPC).
Section 3. Consultants and Exports. — The Secretary
of Finance is hereby authorized to create positions as may be needed,
or contract or hire individuals, or enter into contracts with
organizations of recognized competence in the field of development
finance; Provided, That contracts for the services of an expert or
consultant shall not exceed the sum of Four Thousand Pesos (P4,000.00)
per month.
Section 4. Transportation and Representation
Allowances. — Any provision of law to the contrary notwithstanding all
consultants and specialists on contractual basis and such technical
personnel duly appointed by the Secretary as the needs of the service
may require shall be granted commutable transportation and
representation allowances at rate to be fixed by the Secretary of
Finance.
Section 5. Relationship with Other Entities. — The
Consulting Group, shall, in the furtherance of its functions and
duties, cooperate and coordinate with government and private entities
as well as international organizations involved in activities related
to its functions. chanroblesvirtualawlibrary
Section 6. Appropriations. — To carry out the
functions of the group herein created, there is hereby appropriated the
sum of Nine Hundred Thousand Pesos (P900,000.00) out of any funds in
the National Treasury not otherwise appropriated. The same amount or
such amount as shall be needed shall be included in the Annual General
Appropriations Decree for the continued operation of the group.
Section 7. Repealing Clause. — Any provision of law,
decree, order, rules or regulations contrary to or inconsistent
herewith are hereby repealed, revised or amended accordingly.
Section 8. Effectivity. — This Decree shall take
effect immediately.
Done in the City of Manila,
this 25th day of May, in the year of Our Lord, nineteen hundred and
seventy-eight.
|
Back
to Home
- Back
to Main
chanroblesvirtuallawlibrary
Since 19.07.98
|