Release of Additional Funds for the Completion of the Magat Multi-Purpose Project
Letter of Instructions No. 1064, issued on September 3, 1980, mandates the release of an additional P150,000,000 to the National Irrigation Administration (NIA) to support the Magat Multi-Purpose Project. This funding is necessary due to an identified budget shortfall that could delay critical irrigation and energy initiatives in the Philippines. The Treasurer of the Philippines is directed to facilitate this release from a designated Special Fund by September 15, 1980. Furthermore, the NIA is required to report on the utilization of these funds to the President through the Minister of Energy. The instruction takes effect immediately.
Law Information
- Reference Number
- Letter of Instructions No. 1064
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 3, 1980
LETTER OF INSTRUCTIONS NO. 1064
| TO | : | The Minister of Energy |
| The Minister of the Budget | ||
| The Treasurer of the Philippines | ||
| The Chairman, National Irrigation Administration |
An inter-agency study on the Magat Multi-Purpose Project by the Ministries of Energy, Finance, Budget and Public Works has determined that the budgetary appropriation for 1980 for said project inclusive of the amounts released under LOI No. 923 will be inadequate to cover the peso counterpart requirements. Since any delay in this project would have a significant impact on the country's irrigation and energy programs, an additional budgetary release of P150,000,000 to the National Irrigation Administration (NIA) is required to ensure that this project proceeds on schedule. Therefore, the Treasurer of the Philippines is hereby directed to release to NIA out of the Special Fund created under Section 8 (j) of R.A. 6173 as amended, the amount of P150,000,000 on or before September 15, 1980. cd i
The NIA is also directed to submit to the President of the Philippines through the Minister of Energy a report accounting for the disbursement and use of the foregoing amount.
This Letter of Instruction takes effect immediately.
DONE in the City of Manila, this 3rd day of September, in the year of Our Lord, Nineteen Hundred and Eighty. casia
Cite This Law
Release of Additional Funds for the Completion of the Magat Multi-Purpose Project, Letter of Instructions No. 1064, Sep 3, 1980 (Philippines)
Release of Additional Funds for the Completion of the Magat Multi-Purpose Project, Letter of Instructions No. 1064 (Phil. 1980)
Related Laws
- Additional Budgetary Release for Completion of Magat Multi-Purpose ProjectLetter of Instructions No. 736 • Sep 4, 1978 • Presidential Issuances
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- Additional Budgetary Release for Completion of the Magat Multi-Purpose ProjectLetter of Instructions No. 923 • Aug 30, 1979 • Presidential Issuances
- Construction of the Magat River Multi-Purpose Project in IsabelaPresidential Decree No. 693 • May 7, 1975 • Presidential Issuances
- Release of Additional Funds for Magat Dam and Appurtenant FacilitiesLetter of Instructions No. 1203 • Mar 1, 1982 • Presidential Issuances
- Management, Development, etc. of Watershed Areas of Pantabangan and Magat Multi-Purpose Dam ProjectsLetter of Instructions No. 1002 • Mar 20, 1980 • Presidential Issuances
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