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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 686 - RELEASING
APPROPRIATED FUNDS TO THE NATIONAL COAL AUTHORITY AS GOVERNMENT EQUITY
CONTRIBUTION
WHEREAS, the National Coal
Authority was created by virtue of P.D. No. 1722 to undertake, among
others, various activities in connection with the supply, distribution
and use of coal as an alternative source of energy;
WHEREAS, to accomplish these purposes, Letter of Instruction No. 1103
dated January 20, 1981 directed the Treasurer of the Philippines to
release to the National Coal Authority the amount of Fifty Million
Pesos out of the Special Fund created under Sec. 8(j) of R.A. No.
6173, as amended, as equity contribution of the government.
NOW, THEREFORE, I, FERDINAND E. MARCOS, pursuant to the powers vested
in me by law and the Constitution, do hereby order the following:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Done in the City of Manila,
Philippines, this 5th day of May, in the year of Our Lord, nineteen
hundred and eighty-one.
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