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ADMINISTRATIVE ORDERS
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ADMINISTRATIVE ORDER NO. 9 -
EXPANDING THE COMPOSITION OF THE EXECUTIVE COMMITTEE OF THE LAND BANK
OF THE PHILIPPINES WHICH EXERCISES SUPERVISION OVER THE NATIONAL
LIVELIHOOD SUPPORT FUND
WHEREAS, Sec. 2 of Administrative Order
No. 75 dated August 6, 1993, mandates the Land Bank of the Philippines
to exercise supervision over, among others, the National Livelihood
Support Fund through an Executive Committee composed of the following:
1.
2.
3.
4.
5.
WHEREAS, the power of supervision of the Land Bank of the Philippines
over the National Livelihood Support Fund is entrusted to the Executive
Committee, which formulates policies, programs, activities relative to
the said funds;
WHEREAS, the Executive Committee is likewise empowered to promulgate
such rules and regulations necessary for the effective exercise of its
power and the proper utilization and disposition of the National
Livelihood Support Fund;
WHEREAS, Republic Act No. 8425 otherwise known as the Act
Institutionalizing the Social Reform and Poverty Alleviation Program,
creating for the purpose of the National Anti-Poverty Commission (NAPC)
defining its powers and functions and for other purposes, created the
NAPC;
WHEREAS, pursuant to Sec. 13 of RA 8425, one of the major components
of the Anti-Poverty programs of NAPC is the microfinance services to
the poor;
WHEREAS, Sec. 14 of RA 8425 mandates the People's Credit and Finance
Corporation (PCFC), a government-controlled corporation, created by
virtue of Administrative Order No. 148 and Memorandum Order No. 261,
mandates the PCFC to be vehicle for the delivery of microfinance
services for the exclusive use of the poor;
WHEREAS, Memorandum Order No. 261 required the Land Bank of the
Philippines in its capacity as the supervising agency of the National
Livelihood Support Fund to invest the said funds as the capitalization
of the PCFC;
WHEREAS, NAPC pursuant to law, serves as the coordinating and advisory
body for the implementation of the Social Reform and Poverty
Alleviation Programs of the government; and
WHEREAS, NAPC in the discharge and exercise of its mandated
responsibilities, it is imperative that NAPC be represented in the
policy making bodies of government entities and/or government
controlled corporations with anti-poverty agenda, in order to ensure a
coordinated delivery of these anti-poverty assistances (sic) to the
poor.
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the
Philippines by virtue of the powers vested in me by law, do hereby
order:
Section 1.
"Sec. 2(a) the Land Bank of the Philippines shall exercise supervision over
the BKKK Secretariat and the BKKK Capital Fund/National Livelihood
Support Fund through an Executive Committee composed of the following:
1.
2.
3.
4.
5.
6.
Sec. 2.
Sec. 3.
DONE in the City of Manila,
this 13th day of August, in the year of Our Lord, Nineteen Hundred and
Ninety Eight.
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