Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation
Letter of Instructions No. 1287, issued on February 12, 1983, by President Ferdinand E. Marcos, establishes a nationwide energy conservation program aimed at reducing reliance on imported oil and promoting alternative energy sources, specifically gasifier equipment. The directive prioritizes individuals and entities that lease or purchase gasifier equipment from the Philippine Dendro Gasifier Corporation in their applications for necessary permits and franchises. Additionally, it mandates the Philippine National Bank, Land Bank of the Philippines, and Development Bank of the Philippines to allocate ?10 million each to fund the acquisition of such equipment. The lending policies for this funding are to align with existing terms used by the Farm Systems Development Corporation and the Kilusang Kabuhayan at Kaunlaran, facilitating loans for both groups and individual borrowers.
Quick Answers
- What is Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation about?
- Letter of Instructions No. 1287, issued on February 12, 1983, by President Ferdinand E. Marcos, establishes a nationwide energy conservation program aimed at reducing reliance on imported oil and promoting alternative energy sources, specifically gasifier equipment. The directive prioritizes individuals and entities that lease or purchase gasifier equipment from the Philippine Dendro Gasifier Corporation in their applications for necessary permits and franchises. Additionally, it mandates the Philippine National Bank, Land Bank of the Philippines, and Development Bank of the Philippines to allocate ?10 million each to fund the acquisition of such equipment. The lending policies for this funding are to align with existing terms used by the Farm Systems Development Corporation and the Kilusang Kabuhayan at Kaunlaran, facilitating loans for both groups and individual borrowers.
- What type of law is Letter of Instructions No. 1287?
- Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation (Letter of Instructions No. 1287) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation enacted?
- Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation (Letter of Instructions No. 1287) was enacted on Feb 12, 1983.
- What is the citation for Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation?
- Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation, Letter of Instructions No. 1287, Feb 12, 1983 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 1287
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 12, 1983
LETTER OF INSTRUCTIONS NO. 1287
| TO | : | The Minister of Natural Resources |
| The Chairman, Board of Transportation | ||
| The President, Philippine National Bank | ||
| The Chairman, Development Bank of the Philippines | ||
| The President, Land Bank of the Philippines | ||
| The Kilusang Kabuhayan at Kaunlaran Secretariat | ||
| All Heads of Ministries, Bureaus, Offices and Other Government Agencies Concerned |
WHEREAS, there is now a need to implement a nationwide energy conservation program aimed at reducing the country's dependence on imported oil and tapping alternative sources of energy; casia
WHEREAS, there have been various Executive Orders enjoining the promotion and widespread application of gasifier equipment;
WHEREAS, incentives must be given in order to encourage the use of gasifier equipment;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby direct:
1. Any person, whether natural or juridical, who leases, purchases, acquires, utilizes and employs gasifier equipment and accessories produced, manufactured or sold by the Philippine Dendro Gasifier Corporation or through any of its marketing arms, shall be given priority in their respective applications for any franchise, permit or certificate of public convenience: Provided, That, such gasifier equipment are utilized and employed in each and every vehicle, machinery or appliance operated by virtue of the franchise, permit or certificate of public convenience applied for. acd
2. The Philippine National Bank, the Land Bank of the Philippines and the Development Bank of the Philippines are hereby enjoined to set aside TEN MILLION PESOS (P10,000,000.00) each for the purpose of funding either directly or through the Kilusang Kabuhayan at Kaunlaran (KKK) the requirements of any person, natural or juridical, who desires and qualifies to lease, purchase or otherwise acquire any and all kinds of gasifier or equipment produced or manufactured by the Philippine Dendro Gasifier Corporation.
3. The lending policies that shall be adopted by said Government Banks for the acquisition of gasifier equipment shall follows the lending terms of the Farm Systems Development Corporation (FSDC) and the Kilusang Kabuhayan at Kaunlaran (KKK). Same terms shall however apply to individual borrowers inasmuch as lending terms of said organizations were designed for group or cooperative loans.
DONE in the City of Manila, this 12th day of February, in the year of Our Lord, Nineteen Hundred and Eighty-Three. acd
Cite This Law
Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation, Letter of Instructions No. 1287, Feb 12, 1983 (Philippines)
Acquisition of Gasifier Equipment and Accessories from Philippine Dendro Gasifier Corporation, Letter of Instructions No. 1287 (Phil. 1983)
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