Release of Funds for PNOC Acquisition of a Micro-Distillery Unit
Letter of Instructions No. 1227, issued on April 12, 1982, directs the Philippine National Oil Company (PNOC) and its subsidiaries to address energy-related environmental issues and develop nonconventional energy resources. To support these initiatives, it authorizes the release of ?18,700,000 from a Special Fund for acquiring a micro-distillery unit and funding operational and capital budgets for PNOC's Environmental Management and Energy Research divisions. PNOC is required to report on the use of these funds within one month after the fiscal year ends. This instruction takes effect immediately.
Law Information
- Reference Number
- Letter of Instructions No. 1227
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 12, 1982
LETTER OF INSTRUCTIONS NO. 1227
| TO | : | The Minister of Energy |
| The Minister of the Budget | ||
| The Treasurer of the Philippines | ||
| The Chairman, Philippine National Oil Company |
In a collaborative effort parallel to the development of the country's energy resources, the Philippine National Oil Company (PNOC) and its subsidiaries have established programs directed towards the control of energy-related environmental problems and the development of nonconventional energy resources.
Recognizing that investments in these programs, important as their role may be in our overall energy development scheme, can not be funded readily, we hereby direct the Treasurer of the Philippines to release PESOS EIGHTEEN MILLION AND SEVEN HUNDRED THOUSAND (P18,700,000.00) out of the Special Fund created pursuant to Section 8 of Presidential Decree 910 to fund the acquisition of a micro-distillery unit and the 1982 operating and capital budgets of PNOC-Environmental Management Division and PNOC-Energy Research and Development Division.
PNOC is directed to submit a report accounting for the disbursements and utilization of the foregoing funds not later than one month after the end of the fiscal year.
This Letter of Instruction shall take effect immediately.
DONE in the City of Manila, this 12th day of April, in the year of Our Lord, Nineteen Hundred and Eighty-Two.
Cite This Law
Release of Funds for PNOC Acquisition of a Micro-Distillery Unit, Letter of Instructions No. 1227, Apr 12, 1982 (Philippines)
Release of Funds for PNOC Acquisition of a Micro-Distillery Unit, Letter of Instructions No. 1227 (Phil. 1982)
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