Amendment to P.D. 1930 Re: Rationalizing Government Corporate Investments and Financing
Presidential Decree No. 1930-A, issued on June 8, 1984, amends Paragraph 2 of the earlier Presidential Decree No. 1930 regarding government corporate investments and financing in the Philippines. It mandates that government-owned and controlled corporations, along with their subsidiaries, must submit their Capital Investment and Operational Programs for prior approval from the President, based on recommendations from the Prime Minister. These programs should align with achievable resource levels, including borrowings and contributions from the general fund. The decree emphasizes that implementation must adhere to existing laws and administrative orders. This amendment took effect immediately upon its issuance.
Law Information
- Reference Number
- Presidential Decree No. 1930-A
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 8, 1984
PRESIDENTIAL DECREE NO. 1930-A
AMENDING P.D. 1930 ENTITLED "RATIONALIZING GOVERNMENT CORPORATE INVESTMENTS AND FINANCING"
I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, in order to effect a necessary amendment to existing law, do hereby amend Paragraph 2 of PD 1930, to read as follows:
"2. Government-owned and/or controlled corporations including their subsidiaries, shall submit their Capital Investment and Operational Programs for prior approval of the President, thru and upon recommendation of the Prime Minister. All such programs shall be based on attainable levels of resources from borrowings, internal cash generations, and feasible equity or subsidy contributions from the general fund. The implementation of such programs shall be guided by pertinent existing laws and administrative issuances including Executive Order Nos. 518 and 936." SHCaEA
This decree shall take effect immediately.
DONE in the City of Manila, this 8th day of June, in the year of Our Lord, Nineteen Hundred and Eighty-Four.
Cite This Law
Amendment to P.D. 1930 Re: Rationalizing Government Corporate Investments and Financing, Presidential Decree No. 1930-A, Jun 8, 1984 (Philippines)
Amendment to P.D. 1930 Re: Rationalizing Government Corporate Investments and Financing, Presidential Decree No. 1930-A (Phil. 1984)
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