Appropriation of Funds for Operation of Philippine Government from July 1, 1974 to June 30, 1975
Presidential Decree No. 503, issued on June 30, 1974, appropriates funds necessary for the operation of the Philippine government for the fiscal year from July 1, 1974, to June 30, 1975. The decree was enacted by President Ferdinand E. Marcos under his constitutional authority, ensuring the continuous functioning of government operations. It outlines that funds will be drawn from the Philippine Treasury, except where specific allocations are provided. This decree reflects the government's commitment to maintain its operations during that period.
Law Information
- Reference Number
- Presidential Decree No. 503
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 30, 1974
PRESIDENTIAL DECREE NO. 503
APPROPRIATING FUNDS FOR THE OPERATION OF THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES DURING THE PERIOD FROM JULY FIRST, NINETEEN HUNDRED SEVENTY-FOUR TO JUNE THIRTIETH, NINETEEN HUNDRED SEVENTY-FIVE AND FOR OTHER PURPOSES
WHEREAS, it is necessary for the operation of the Government of the Republic of the Philippines that funds be appropriated for the purpose;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972, as amended, and for the continuous operation of the Government, do hereby issue this decree: acd
SECTION 1. Appropriation of Funds. — The following sums or so much thereof as may be necessary, are hereby appropriated out of any funds in the Philippine Treasury not otherwise appropriated, for the operation of the government of the Republic of the Philippines during the period from July first, nineteen hundred and seventy-four to June thirtieth, nineteen hundred and seventy-five except where otherwise specifically provided: cdt
Approved: June 30, 1974
Cite This Law
Appropriation of Funds for Operation of Philippine Government from July 1, 1974 to June 30, 1975, Presidential Decree No. 503, Jun 30, 1974 (Philippines)
Appropriation of Funds for Operation of Philippine Government from July 1, 1974 to June 30, 1975, Presidential Decree No. 503 (Phil. 1974)
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