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PRESIDENTIAL DECREE NO. 1702
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PRESIDENTIAL DECREE NO. 1702 -
AMENDING Section 3 OF REPUBLIC ACT NO. 3601, AS AMENDED BY PRESIDENTIAL
DECREE NO. 552
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chanroblesvirtualawlibrary
WHEREAS,
under Republic Act No. 3601 as amended by Presidential Decree No. 552,
the National Irrigation Administration is charged with the
responsibility of constructing, improving, rehabilitating and
administering all national irrigation systems in the Philippines,
including all communal and pump irrigation projects;chanroblesvirtualawlibrary
WHEREAS, the implementation of the irrigation integrated program of the
government and the attainment of the "Irrigation Age" as envisioned
under Republic Act No. 3601, is the primary responsibility and goal of
the National Irrigation Administration; and chanroblesvirtualawlibrary
WHEREAS, the increased pace of irrigation development together with the
increased cost of irrigation systems require an increase in
capitalization of the National Irrigation Administration and the
strengthening of its powers and resources to assure long term capacity
for meeting its responsibilities and attaining its goals.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
amend certain sections or provisions of Republic Act Number Thirty Six
Hundred and One, as amended by Presidential Decree No. 552, to
wit: chanroblesvirtualawlibrary
Section 1. Section 3 of Republic Act No. 3601, as
amended by Section 3, Presidential Decree No. 552, is hereby amended to
read as follows:cralaw:red
"Sec. 3. (a) Capitalization. — The authorized capital
stock of the National Irrigation Administration shall be ten billion
pesos, which shall be subscribed and paid entirely by the Government of
the Republic of the Philippines. The amount is hereby appropriated for
the purpose out of any funds in the Treasury not otherwise
appropriated: Provided, That only such amounts as are actually
necessary for the implementation of projects of the Administration
shall be released as payments on capital subscriptions, subject to
approval of the President as provided by pertinent budget laws." chanroblesvirtualawlibrary
(b) Operating Capital. — All amounts collected by the
National Irrigation Administration as irrigation fees, administration
charges, drainage fees, equipment rentals, proceeds from the sale of
unserviceable equipment and materials, sale of all reparation goods
allocated to the defunct Irrigation Service Unit and the National
Irrigation Administration, and all other income shall be added to its
operating capital.
The National Irrigation Administration is hereby authorized to impose
as an administration and engineering overhead charge, 5% of the total
cost of projects undertaken by it, which shall likewise form part of
its operating capital."
Section 2. Separability Clause. — The provisions of
this Decree are hereby declared separable and if any clause, sentence,
provision or section of this Decree or its application thereby to any
person or circumstance should, for any reason be held invalid or
unconstitutional, such invalidity or unconstitutionality shall not
affect the other provisions or application of this Decree which can be
given force and effect.
Section 3. Repealing Clause. — All laws, decrees,
charters, executive orders, administrative orders, proclamations, rules
and regulations, or parts thereof insofar as they are inconsistent with
the provisions of this Decree are hereby repealed, amended or modified
accordingly. chanroblesvirtualawlibrary
Section 4. Effectivity. — This decree shall take
effect immediately.
Done in the City of Manila,
this 18th day of July, in the year of Our Lord, Nineteen Hundred and
Eighty.
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