Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp.
Executive Order No. 681-A, issued by President Gloria Macapagal-Arroyo on February 1, 2008, amends certain provisions of Executive Order 681 from November 22, 2007, regarding the merger of the Livelihood Corporation (LIVECOR) and the National Livelihood Support Fund (NLSF). The newly merged entity is named the "National Livelihood Development Corporation" (NLDC), which will have a Board of Trustees comprising key representatives from various government sectors, including agriculture and labor. The order also stipulates that the President of the NLDC will be the Executive Director of the NLSF Secretariat, with other officers elected by the Board. Additionally, any conflicting prior issuances are repealed or modified, with the order taking immediate effect.
Quick Answers
- What is Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp. about?
- Executive Order No. 681-A, issued by President Gloria Macapagal-Arroyo on February 1, 2008, amends certain provisions of Executive Order 681 from November 22, 2007, regarding the merger of the Livelihood Corporation (LIVECOR) and the National Livelihood Support Fund (NLSF). The newly merged entity is named the "National Livelihood Development Corporation" (NLDC), which will have a Board of Trustees comprising key representatives from various government sectors, including agriculture and labor. The order also stipulates that the President of the NLDC will be the Executive Director of the NLSF Secretariat, with other officers elected by the Board. Additionally, any conflicting prior issuances are repealed or modified, with the order taking immediate effect.
- What type of law is Executive Order No. 681-A?
- Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp. (Executive Order No. 681-A) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp. enacted?
- Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp. (Executive Order No. 681-A) was enacted on Feb 1, 2008.
- What is the citation for Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp.?
- Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp., Executive Order No. 681-A, Feb 1, 2008 (Philippines)
Law Information
- Reference Number
- Executive Order No. 681-A
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Executive Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 1, 2008
EXECUTIVE ORDER NO. 681-A
AMENDMENTS TO CERTAIN PROVISIONS OF EXECUTIVE ORDER 681 DATED 22 NOVEMBER 2007
I, GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution and the law, do hereby order: With reference to Executive Order 681 dated 22 November 2007 directing "the merger of the Livelihood Corporation (LIVECOR) and the National Livelihood Support Fund (NLSF)", certain provisions are hereby amended and promulgated as follows: DHITcS
SECTION 1. Section 1, Merger of the NLSF and Livecor, to state the name of the merged NLSF and Livecor as the "National Livelihood Development Corporation (NLDC)".
SECTION 2. Section 4, Functions and Composition of the Board of Trustees, to read as follows:
SEC. 4. Functions and Composition of the Board of Trustees of the NLDC. — The Board of Directors of the National Livelihood Development Corporation shall be the policy-making body composed of the following: IaAHCE
a. President of the Land Bank of the Philippines as ex-officio Chairman
b. Executive Director of the NLSF Secretariat as the ex-officio Vice-Chairman
c. Representative from the Office of the President of the Philippines as member
d. Nominee of the Department of Agriculture, approved by the President of the Philippines as Member
e. Nominee of the Department of Agrarian Reform, approved by the President of the Philippines as Member
f. Nominee of the Department of Interior and Local Government, approved by the President of the Philippines as Member
g. Representative from the Labor Sector appointed by the President of the Philippines as Member
SECTION 3. Section 5, Officers of the NLDC, to state as "The President of the NLDC shall be the Executive Director of the present NLSF Secretariat. The Vice-President, Corporate Treasurer, the Corporate Secretary and other officers shall be elected by the Board of Directors in a meeting called for that purpose."
SECTION 4. All executive issuances, guidelines, rules and regulations, or parts thereof which are contrary or inconsistent with the provisions of this Executive Order are hereby repealed or modified accordingly.
SECTION 5. This Executive Order shall take effect immediately.
City of Manila, February 1, 2008.
Published in the Official Gazette, Vol. 104, No. 19, p. 3483, May 12, 2008.
Cite This Law
Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp., Executive Order No. 681-A, Feb 1, 2008 (Philippines)
Amendments to E.O. No. 681, s. 2007 Re: National Livelihood Development Corp., Executive Order No. 681-A (Phil. 2008)
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