Additional Budgetary Release for Completion of the Magat Multi-Purpose Project
Letter of Instructions No. 1124, dated May 5, 1981, addresses the budgetary shortfall for the Magat Multi-Purpose Project, which is crucial for the Philippines' irrigation and energy sectors. The Cabinet Standing Committee has determined that an additional allocation of P332,000,000 is necessary for the National Irrigation Administration (NIA) to avoid delays. The Treasurer of the Philippines is instructed to release this amount from a designated Special Fund. Furthermore, the NIA must report back to the President on how the funds are utilized. This directive takes effect immediately.
Law Information
- Reference Number
- Letter of Instructions No. 1124
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 5, 1981
LETTER OF INSTRUCTIONS NO. 1124
| TO | : | The Minister of Energy |
| The Minister of the Budget | ||
| The Treasurer of the Philippines | ||
| The Chairman, National Irrigation Administration |
A review made by the Cabinet Standing Committee of the Magat Multi-Purpose Project has determined that the budgetary appropriation for 1981 for 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 P332,000,000 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 to NIA out of the Special Fund created under Section 8 (j) of R.A. 6173 as amended, the amount of P332,000,000. cdt
The NIA is also directed to submit to the President of the Philippines through the Minister of Energy a report accounting for the disbursement and use of the foregoing amount.
This Letter of Instruction takes effect immediately.
DONE in the City of Manila, this 5th day of May, in the year of Our Lord, Nineteen Hundred and Eighty-One. acd
Cite This Law
Additional Budgetary Release for Completion of the Magat Multi-Purpose Project, Letter of Instructions No. 1124, May 5, 1981 (Philippines)
Additional Budgetary Release for Completion of the Magat Multi-Purpose Project, Letter of Instructions No. 1124 (Phil. 1981)
Related Laws
- Additional Budgetary Release for Completion of Magat Multi-Purpose ProjectLetter of Instructions No. 736 • Sep 4, 1978 • 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
Browse More Presidential Issuances
Explore other laws in the Presidential Issuances category.
View All Presidential IssuancesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law