Release of Funds to PNOC for Acquisition of LPG Tanker
Letter of Instructions No. 793, issued on January 11, 1979, authorizes the release of P20 million to the Philippine National Oil Company (PNOC) for the acquisition of a liquefied petroleum gas (LPG) tanker. The funds are to be drawn from a special fund established under Republic Act No. 6173, as amended, to ensure a continuous supply of LPG. PNOC is required to provide a report detailing the disbursement and use of the funds. The directive takes effect immediately.
Law Information
- Reference Number
- Letter of Instructions No. 793
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 11, 1979
LETTER OF INSTRUCTIONS NO. 793
| TO | : | The Minister of Energy |
| The Commissioner of the Budget | ||
| The Treasurer of the Philippines | ||
| The Chairman, Philippine National Oil Company | ||
| SUBJECT | : | Release of P20 Million to the Philippine National Oil Company for the Acquisition of Liquefied Petroleum Gas (LPG) Tanker |
For the purpose of financing the acquisition of an LPG tanker with appropriate spare parts and accessories to serve both as a floating storage vehicle and as a carrier of LPG importation in order to assure the continuous supply of this type of fuel, it is hereby directed that P20 million be released to the Philippine National Oil Company out of the Special Fund created pursuant to Section 8(j) of Republic Act No. 6173, as amended. cd i
The Philippine National Oil Company is further directed to submit to me a report accounting for the disbursement and use of the amount released to it.
This Letter of Instruction shall take effect immediately.
DONE in the City of Manila, this 11th day of January, in the year of Our Lord, Nineteen Hundred and Seventy-Nine. cd i
Cite This Law
Release of Funds to PNOC for Acquisition of LPG Tanker, Letter of Instructions No. 793, Jan 11, 1979 (Philippines)
Release of Funds to PNOC for Acquisition of LPG Tanker, Letter of Instructions No. 793 (Phil. 1979)
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- Release of Funds to Reimburse PNOC for Actual Exploration Costs and to Fund Exploration ExpendituresLetter of Instructions No. 1226 • Apr 12, 1982 • Presidential Issuances
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