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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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ADMINISTRATIVE ORDERS
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ADMINISTRATIVE ORDER NO. 248 -
REQUIRING ALL AGENCIES OF THE NATIONAL GOVERNMENT, INCLUDING STATE
COLLEGES AND UNIVERSITIES, GOVERNMENT-OWNED OR CONTROLLED CORPORATIONS
AND THEIR SUBSIDIARIES, AND LOCAL GOVERNMENT UNITS TO PURCHASE RICE
SUPPLY REQUIREMENTS FROM THE NATIONAL FOOD AUTHORITY
WHEREAS, the National Food Authority (NFA)
is mandated by law to procure palay and corn from the farmers to
stabilize the supply and price of the said commodities, as well as to
prevent an abnormally low price of the same;
WHEREAS, the NFA has an abnormally huge inventory of rice and corn,
which it has not been able to convert into cash to generate funds for
the procurement of palay and corn from the farmers, as well as to pay
off its maturing obligations;
WHEREAS, there is an imperative need to address this emergency and the
imminent crisis in the rural areas as a result of depressed farm-gate
prices of palay and corn, which in turn is caused by NFA's limited
finances for procurement;
WHEREAS, it is in consonance with public interest and necessity that
NFA's rice stocks, which were purchased with government funds, be
monetized and thus could be utilized in stabilizing the farm-gate
prices of palay and corn;
WHEREAS, it is to the national interest that government agencies,
branches, subdivisions, instrumentalities, including government-owned
or controlled corporations, with rice requirements purchased out of
government funds be required to purchase their rice requirements from
the NFA;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines,
pursuant to the powers vested in me by law, do hereby order:
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This Order shall take effect immediately upon publication in a newspaper of general circulation.
Done in the City of Manila, this 30th day of October, in the year of Our Lord, nineteen hundred and ninety-one.
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Since 19.07.98.