A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Presidential Decrees :
is the policy of the Government to foster and accelerate the balanced
growth of the Southern Philippines (Mindanao, Sulu, Basilan and
Tawi-Tawi) for the national economic, social and political stability;
WHEREAS, surveys and studies indicate a pressing need to accelerate the economic growth and development of the region to make it more responsive to the national plans and policies within the context of national solidarity with the leadership, support and total commitment of the government;
WHEREAS, sustained development of the region will rely heavily on the capabilities of the people of the area to participate in the total effort in undertaking integrated development projects under one authoritative agency;
WHEREAS, the Southern Philippines Development Administration has been created by the Presidential Decree No. 690 to serve as the specific agency of the Government which is responsible for the initiation and/or implementation of development projects in Southern Philippines; and
WHEREAS, the Southern Philippines Development Administration, in order to more effectively and vigorously promote and enhance the development of Mindanao and Sulu Archipelago, should be restructured and strengthened.
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 that Presidential Decree No. 690, otherwise known as the Southern Philippines Development Administration Charter, be amended to read as follows:
The President of the Philippines, by himself, or through the Minister of Finance or the Governor of the Central Bank, is hereby further authorized to guarantee, absolutely and unconditionally, as primary obligor and not as surety merely, in the name and on behalf of the Republic of the Philippines, the payment of any loans herein authorized, as well as the performance of all or any of the obligations undertaken by the Authority, pursuant to loan agreements entered into with foreign government or any international financial institutions.
In the negotiation and contracting of any loan, credit or indebtedness under this Section , the provision of Section Four of Republic Act Numbered Four Thousand Eight Hundred Sixty, as provided in Section Five of Republic Act Numbered Six Thousand One Hundred Forty-Two, as amended, shall apply.
The loans, credits and indebtedness contracted under this subsection and the payment of the principal, interest and other charges thereon, as well as the importation of machinery, equipment, materials and supplies by the Authority, paid from the proceeds of any loan, credit or indebtedness incurred under this Decree shall also be exempt from all taxes, fees, imposts, other charges and restrictions imposed by the Republic of the Philippines, or any of its agencies and political subdivisions.
The members of the Board shall receive a per diems of Seven Hundred Fifty Pesos for every meeting of the Board attended; Provided, that in no case shall such per diems received by each exceed Two Thousand Two Hundred and Fifty Pesos per month. They shall likewise be reimbursed by the Authority for actual expenses for travelling and subsistence allowance incurred in attending such meetings, subject to the usual auditing and accounting requirements.
The Administrator shall have the following powers, duties and responsibilities:
The Administrator shall receive a compensation of Ninety Six Thousand Pesos per annum.
A subsidiary of the Authority shall have a Board of Directors of at least five (5) members of which at least one director shall be elected from among the members of the Board of Directors of the Authority. In addition, the Chief Executive Officer of the Authority, or his duly designated representative from the Authority shall be an ex-officio member of the Board of Directors of each subsidiary established by the Authority.
Such subsidiaries shall be exempt from coverage of the Civil Service Decree, rules and regulations, and Office of Compensation and Position Classification.
Done in the City of Manila, this 26th day of July, in the year of Our Lord, nineteen hundred and eighty.
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