Provision of Fund Requirements for Second Philippine Sites and Services Slum Improvement Project Loan
Letter of Instructions No. 849, issued on April 23, 1979, directs the Minister of the Budget to allocate P495 million for the Second Philippine Sites and Services Slum Improvement Project, as part of an agreement with the International Bank for Reconstruction and Development. The funds are to be sourced from existing appropriations related to public works, the President's Special Activities Fund, or any other available National Treasury funds. Additionally, P72 million of this total is designated as the 1979 counterpart fund, to be released to the Ministry of Human Settlements starting in the second quarter of 1979. The letter emphasizes the need for immediate compliance with these instructions.
Law Information
- Reference Number
- Letter of Instructions No. 849
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 23, 1979
LETTER OF INSTRUCTIONS NO. 849
TO : The Minister of the Budget
Pursuant to the covenants entered into by the Philippine Government with the International Bank for Reconstruction and Development (IBRD) under the Second Philippine Sites and Services Slum Improvement Project Loan, the Ministry of the Budget is hereby instructed to provide fund requirements of the said project amounting to P495 million for the Ministry of Human Settlements. These fund requirements shall be charged against applicable existing appropriation authorities of public works appropriation acts; Special Activities Fund of the President; any lump sum funds for foreign-assisted projects; in the annual appropriation authorization of involved implementing agencies or from any other funds of the National Treasury not otherwise appropriated whichever will be deemed proper by the Minister of the Budget, Provided, however, That the amount of P72 million representing 1979 counterpart fund shall be released to the Ministry of Human Settlements beginning Second quarter of 1979.
For immediate compliance. casia
April 23, 1979
Cite This Law
Provision of Fund Requirements for Second Philippine Sites and Services Slum Improvement Project Loan, Letter of Instructions No. 849, Apr 23, 1979 (Philippines)
Provision of Fund Requirements for Second Philippine Sites and Services Slum Improvement Project Loan, Letter of Instructions No. 849 (Phil. 1979)
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