Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund
Presidential Decree No. 800, issued on September 16, 1975, establishes that the Special Fund created under Section 7(J) of Republic Act No. 6173 will not revert to the General Fund unless specifically directed by the President of the Philippines. This fund is designated for various energy-related projects, including the exploration of alternative energy sources, research on conservation, and the subsidization of petroleum product imports. The decree ensures the fund remains available for its intended purposes and prevents it from being abolished or transferred by default. The decree takes immediate effect.
Quick Answers
- What is Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund about?
- Presidential Decree No. 800, issued on September 16, 1975, establishes that the Special Fund created under Section 7(J) of Republic Act No. 6173 will not revert to the General Fund unless specifically directed by the President of the Philippines. This fund is designated for various energy-related projects, including the exploration of alternative energy sources, research on conservation, and the subsidization of petroleum product imports. The decree ensures the fund remains available for its intended purposes and prevents it from being abolished or transferred by default. The decree takes immediate effect.
- What type of law is Presidential Decree No. 800?
- Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund (Presidential Decree No. 800) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund enacted?
- Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund (Presidential Decree No. 800) was enacted on Sep 16, 1975.
- What is the citation for Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund?
- Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund, Presidential Decree No. 800, Sep 16, 1975 (Philippines)
Law Information
- Reference Number
- Presidential Decree No. 800
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 16, 1975
PRESIDENTIAL DECREE NO. 800
PROVIDING THAT THE SPECIAL FUND CREATED UNDER SECTION 7 (J) OF REPUBLIC ACT NO. 6173 AS AMENDED SHALL NOT REVERT TO THE GENERAL FUND EXCEPT UPON SPECIFIC DIRECTION OF THE PRESIDENT
WHEREAS, there was created under Section 7(J) of Republic Act No. 6173 as amended, a Special Fund to "be utilized for projects relating to the consumption or use of crude oil, gas, and other petroleum products; for the development of other sources of energy; for exploration and researches on conservation, anti-pollution and other similar studies; to subsidize importation of crude oil and refined petroleum products by government agencies, or government owned or controlled corporations, to assure adequate and continuous supply of petroleum products at reasonable prices; and such other special economic and social projects as may be determined by the President of the Philippines;" aisa dc
WHEREAS, it is necessary to assure that said special fund and any unexpended balances thereof or accruals thereto, does not revert and/or is transferred to the general fund or otherwise abolished by operation of law, but continue to be available for the high priority projects and purposes for which it was created;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree the following as part of the law of the land:
SECTION 1. Any provision of any special or general law or decree, including but not limited to Presidential Decree No. 711, to the contrary notwithstanding, the special fund created under Section 7(J) of Republic Act No. 6173 as amended shall not be abolished and or reverted and/or transferred to the General Fund of the Government except upon specific direction of the President of the Philippines but shall remain and continue as a special account available for continuing outlay by the President. cdt
SECTION 2. This decree shall take effect immediately.
DONE in the City of Manila, this 16th day of September, in the year of Our Lord, Nineteen Hundred and Seventy-Five.
Cite This Law
Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund, Presidential Decree No. 800, Sep 16, 1975 (Philippines)
Non-Reversion of Special Fund Created Under Sec. 7(j) of R.A. No. 6173 to the General Fund, Presidential Decree No. 800 (Phil. 1975)
Related Laws
- Monitoring, Audit, and Verification of Payments To and Disbursement from the Special Fund Under R.A. No. 6173Letter of Instructions No. 838 • Mar 31, 1979 • Presidential Issuances
- Release of Sum Out of Special Fund Under R.A. No. 6173Letter of Instructions No. 1353 • Sep 19, 1983 • Presidential Issuances
- Reversion of the Accumulated 30% Sinking Fund to the General Fund of the City of ManilaPresidential Decree No. 345 • Nov 26, 1973 • Presidential Issuances
- Fund Requirements for Newly-Created Energy Supply Base for Petroleum and Other Energy-Related OperationsLetter of Instructions No. 781 • Dec 7, 1978 • Presidential Issuances
- Amendments to R.A. No. 6173Presidential Decree No. 389-A • Feb 14, 1974 • Presidential Issuances
- Amendments to R.A. No. 6173 (Oil Industry Commission Act)Presidential Decree No. 456 • May 15, 1974 • Presidential Issuances
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