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PRESIDENTIAL DECREE NO. 706
PRESIDENTIAL DECREE NO. 706 -
APPROPRIATING FUNDS FOR THE RECLAMATION OF THE DAGAT-DAGATAN LAGOON IN
THE PROVINCE OF RIZAL
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WHEREAS,
the Government in pursuance of its efforts to solve the housing
resettlement problems of the country, is committed to undertake the
establishment of a harmonious, comprehensive, integrated and healthy
living community through the reclamation of a 315-hectare portion of
the Dagat-Dagatan Lagoon, Province of Rizal;chanroblesvirtualawlibrary
WHEREAS, the area to be reclaimed is intended not only as a site for a
low-cost housing project but also for the establishment of an
industrial zone that will give job opportunities to the residents
thereof; and
WHEREAS, there is an immediate need to start the reclamation so as to
enable the Government to construct low-cost housing in the
Dagat-Dagatan area in the early part of 1976 in accordance with the
project development plan;chanroblesvirtualawlibrary
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 appropriation of funds as follows:cralaw:red
Section 1. The amount of One Hundred Twenty Million
Pesos (P120,000,000.00), or so much thereof as may be necessary, is
hereby appropriated out of the general fund in the National Treasury
not otherwise appropriated for the reclamation of the Dagat-Dagatan
project in the Province of Rizal in connection with the establishment
of a harmonious, comprehensive, integrated and healthy living community
in the area. chanroblesvirtualawlibrary
Section 2. The appropriation herein authorized shall
be understood to cover the cost of acquisition equipment including
motor vehicles.
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 19th day of May, in the year of Our Lord, nineteen hundred and
seventy-five.
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