ChanRobles Virtual law Library
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.
Search for
www.chanrobles.com:
ADMINISTRATIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
ADMINISTRATIVE ORDER NO. 250 -
AMENDING Sec. 3 OF ADMINISTRATIVE ORDER NO. 86, SERIES OF 1993 BY
TRANSFERRING THE SECRETARIAT OF THE NATIONAL CREDIT COUNCIL (NCC) TO
THE DEPARTMENT OF FINANCE
WHEREAS, under Sec. 3 of Administrative
Order No. 86, which took effect on October 8, 1993, the Land Bank of
the Philippines was designated as the Secretariat to the National
Credit Council (NCC) created under said Administrative Order;
WHEREAS, pursuant to the findings of the Philippine Institute for
Development Studies (PIDS), which conducted a study on the capabilities
and activities of the NCC, the Land Bank of the Philippines is not the
most appropriate agency to act as the Secretariat due to its active
involvement in credit delivery;
WHEREAS, under Executive Order No. 127, dated January 30, 1987, the
Department of Finance has been mandated to manage the financial
resources of government in a manner supportive of development objective;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by
virtue of the powers vested in me by law, do hereby amend Sec. 3,
Administrative Order No. 86, Series of 1993, by transferring the
Secretariat of the National Credit Council (NCC) from the Land Bank of
the Philippines to the Department of Finance.
This Administrative Order shall take effect immediately.
DONE in the City of Manila this
6th day of February in the year of Our Lord, Nineteen Hundred and
Ninety-Six.
chanrobles virtual law library
Back
to Main
Since 19.07.98.
