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PRESIDENTIAL DECREE NO. 1810
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PRESIDENTIAL DECREE NO. 1810
- AUTHORIZING THE CONTINUANCE OF THE SYSTEM OF REVIEW BY THE PRESIDENT
OF CONTRACTS, FRANCHISES, PERMITS AND OTHER FORMS OF PRIVILEGES GRANTED
BY THE STATE, ESTABLISHED UNDER PRESIDENTIAL DECREE NO. 1677-A DATED
FEBRUARY 19, 1980
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WHEREAS,
pursuant to Section 12 of Article XVII of the 1973 Constitution, as
amended, and other pertinent provisions of the said Constitution,
Presidential Decree No. 1677-A was promulgated on February 19, 1980, to
provide for a system of review of all contracts, concessions, permits
or other forms of privilege for the exploration, development,
exploitation or utilization of natural resources; all franchises for
public utilities; foreign exchange borrowings converted into pesos,
otherwise known as Central Bank rediscounting arrangements; titles to
land; and other forms of contract entered into by the government or any
of its subdivisions, agencies or instrumentalities, including
government-owned or controlled corporations;chanroblesvirtualawlibrary
WHEREAS, it is proper and necessary that the system of review by the
President of contracts, franchises, permits and other forms of state
grant, as prescribed under Presidential Decree No. 1677-A, dated
February 19, 1980, be continued:cralaw:red
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:cralaw:red
Section 1. The President of the Philippines shall
continue to exercise, as provided in Section 1 of Presidential Decree
No. 1677-A, the power to review all contracts, concessions, permits and
other forms of privilege for the exploration, development, exploitation
or utilization of natural resources; all franchises for public
utilities; foreign exchange borrowings converted into pesos, otherwise
known as swaps; Central Bank rediscounting arrangements; titles to
land; construction and architectural design contracts; and other forms
of contract entered into by the government or any of its subdivisions,
agencies or instrumentalities, including government-owned or controlled
corporations. chanroblesvirtualawlibrary
Section 2. All the provisions of Section 2 of
Presidential Decree No. 1677-A shall continue in full force and effect
until modified or repealed by the President.
Section 3. All laws, decrees, orders, rules and
regulations which are in conflict or inconsistent with the provisions
of this decree are hereby repealed or modified accordingly.
Section 4. This decree shall take effect
immediately. chanroblesvirtualawlibrary
Done in the City of Manila,
this 16th day of January, in the year of Our Lord, nineteen hundred and
eighty-one.
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