Rescission of Certain Contracts by and among GSIS, etc. and the GSIS Employees Association
Letter of Instructions No. 162, issued on February 5, 1974, directs the Board of Trustees and General Manager of the Government Service Insurance System (GSIS) to rescind existing contracts related to the development and sale of housing units at Fair-view Park, Quezon City. The previous agreements involved Mar-Bay and Co., Inc., B. C. Regalado, and the GSIS Employees Association. The GSIS is instructed to negotiate a new contract excluding the Employees Association, with the housing units to be sold to GSIS members based on guidelines set by the GSIS Board of Trustees. This directive aims to ensure orderly government administration in the housing project.
Law Information
- Reference Number
- Letter of Instructions No. 162
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 5, 1974
LETTER OF INSTRUCTIONS NO. 162
| TO | : | The Board of Trustees |
| The General Manager | ||
| Government Service Insurance System |
In the interest of orderly government administration, you are hereby directed to rescind the several contracts by and among the Government Service Insurance System, Mar-Bay and Co., Inc., B. C. Regalado, and the GSIS Employees Association covering the development of and sale of housing units at the GSIS-owned portion of Fair-view Park, Quezon City, and to negotiate a new contract without the participation of the GSIS Employees Association. The housing units shall be sold to GSIS members in general in accordance with policies, rules and regulations to be determined by the GSIS Board of Trustees.
DONE in the City of Manila, this 5th day of February, in the year of Our Lord, Nineteen Hundred and Seventy-Four.
Cite This Law
Rescission of Certain Contracts by and among GSIS, etc. and the GSIS Employees Association, Letter of Instructions No. 162, Feb 5, 1974 (Philippines)
Rescission of Certain Contracts by and among GSIS, etc. and the GSIS Employees Association, Letter of Instructions No. 162 (Phil. 1974)
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- Amended GSIS "No Gift" PolicyGSIS Policy and Procedural Guidelines No. 257-14 • Jul 17, 2014 • Other Rules and Procedures
- GSIS "No Gift" PolicyGSIS Policy And Procedural Guidelines No. 247-13 • Nov 13, 2013 • Other Rules and Procedures
- Rules of Procedure in Administrative Investigations of GSIS Employees and Officials, as AmendedGSIS Resolution No. 65-07 • Apr 11, 2007 • Other Rules and Procedures
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