Additional Budgetary Release for Completion of Magat Multi-Purpose Project
Letter of Instructions No. 736, issued on September 4, 1978, directs the release of P200,000,000 to the National Irrigation Administration (NIA) to support the Magat Multi-Purpose Project, which is critical for the country's irrigation and energy programs. An inter-agency study determined that the existing budget for 1979 was insufficient to meet the project's peso counterpart requirements. The Treasurer of the Philippines is tasked with releasing the funds from a Special Fund established under Republic Act No. 6183. Additionally, the NIA must report on the disbursement and usage of the funds to the President by December 31, 1979. The instructions take immediate effect.
Law Information
- Reference Number
- Letter of Instructions No. 736
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 4, 1978
LETTER OF INSTRUCTIONS NO. 736
| TO | : | The Minister of Energy |
| The Minister of the Budget | ||
| The Treasurer of the Philippines | ||
| The Chairman, National Irrigation Administration |
An inter-agency study on the Magat Multi-Purpose Project by the Ministries of Energy, Finance, Budget and Public Works, Transportation and Communications has determined that the budgetary appropriation for 1979 of said project will be inadequate to cover the peso counterpart requirements. Since any delay in this project would have a significant impact on the country's irrigation and energy programs, an additional budgetary release of P200,000,000 to the National Irrigation Administration (NIA) is required to ensure that this project proceeds on schedule. Therefore, the Treasurer of the Philippines is hereby directed to release P200,000,000 out of the Special Fund created pursuant to Section 8 (j) of Republic Act No. 6183 as amended to NIA for this purpose. acd
The NIA is also directed to submit to the President of the Philippines through the Minister of Energy on or before December 31, 1979 a report counting for the disbursement and use of the foregoing amount.
This Letter of Instruction takes effect immediately.
DONE in the City of Manila, this 4th day of September, in the year of Our Lord, Nineteen Hundred and Seventy-Eight. casia
Cite This Law
Additional Budgetary Release for Completion of Magat Multi-Purpose Project, Letter of Instructions No. 736, Sep 4, 1978 (Philippines)
Additional Budgetary Release for Completion of Magat Multi-Purpose Project, Letter of Instructions No. 736 (Phil. 1978)
Related Laws
- Additional Budgetary Release for Completion of the Magat Multi-Purpose ProjectLetter of Instructions No. 1124 • May 5, 1981 • Presidential Issuances
- Additional Budgetary Release for Completion of the Magat Multi-Purpose ProjectLetter of Instructions No. 923 • Aug 30, 1979 • Presidential Issuances
- Release of Additional Funds for the Completion of the Magat Multi-Purpose ProjectLetter of Instructions No. 1064 • Sep 3, 1980 • Presidential Issuances
- Construction of the Magat River Multi-Purpose Project in IsabelaPresidential Decree No. 693 • May 7, 1975 • Presidential Issuances
- Release of Additional Funds for Magat Dam and Appurtenant FacilitiesLetter of Instructions No. 1203 • Mar 1, 1982 • Presidential Issuances
- Transfer of Responsibility for Construction and Development of Power Phase of Magat Project to NPCLetter of Instructions No. 660 • Jan 23, 1978 • Presidential Issuances
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