Forming a Corporation for Construction of an International Standard Hotel in Tacloban City
Letter of Instructions No. 726, dated July 28, 1978, authorizes the formation of a corporation to construct an international standard hotel in Tacloban City. The Philippine Tourism Authority will contribute P8 million from travel tax proceeds, while the Province of Leyte will provide a 6-hectare property valued at P12 million. The corporation is permitted to negotiate directly with contractors, make advance payments for mobilization, and award contracts to reputable contractors, all as exceptions to existing executive orders. This initiative aims to enhance tourism infrastructure in the region.
Law Information
- Reference Number
- Letter of Instructions No. 726
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
July 28, 1978
LETTER OF INSTRUCTIONS NO. 726
| TO | : | The Chairman |
| Philippine Tourism Authority | ||
| The Governor | ||
| Province of Leyte |
You are hereby authorized to form a corporation under the Corporation Law to effect the construction of an international standard hotel in Tacloban City.
The Philippine Tourism Authority is authorized to contribute as capitalization, pursuant to PD 1447, P8 M from the proceeds of travel taxes, and the Province of Leyte, its property of 6 hectares located in former Camp Bumpus, with an assessed value of P12 M. casia
The Corporation may negotiate directly with reputable contractors as an exception to Executive Order No. 298, s. 1940 as amended; to make advance payment for mobilization as an exception to Executive Order No. 201, s. 1949 and to award the contract to a reputable contractor as an exception to LOI 620.
DONE in the City of Manila, this 28th day of July, in the year of Our Lord, Nineteen Hundred and Seventy-Eight. cdt
Cite This Law
Forming a Corporation for Construction of an International Standard Hotel in Tacloban City, Letter of Instructions No. 726, Jul 28, 1978 (Philippines)
Forming a Corporation for Construction of an International Standard Hotel in Tacloban City, Letter of Instructions No. 726 (Phil. 1978)
Related Laws
- Authorizing the GSIS to Assist in the Construction, Development, and/or Operation of the New Manila HotelPresidential Decree No. 645 • Jan 28, 1975 • Presidential Issuances
- Rehabilitation Program for the Construction and Development Corporation of the PhilippinesLetter of Instructions No. 1136 • May 27, 1981 • Presidential Issuances
- Relinquishment by the Philippine Constabulary of Camp Bumpus Military Reservation in Tacloban City to the U.P.Letter of Instructions No. 375 • Feb 26, 1976 • Presidential Issuances
- Declaring 18 December 2017 as a Special (Non-Working) Day in the City of TaclobanProclamation No. 371 • Dec 1, 2017 • Presidential Issuances
- Supplement to M.C. No. 42 (November 16, 1987)Memorandum Circular No. 42-A • Dec 10, 1987 • Presidential Issuances
- Upgrading the Tacloban City Medical Center to Standard LevelRepublic Act No. 7411 • Apr 14, 1992 • Statutes
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