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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 714 - FISCAL
CONTROL AND MANAGEMENT OF THE FUNDS OF THE UNIVERSITY OF THE PHILIPPINES
WHEREAS, the University of the
Philippines (“UP”) was established as institution of higher learning
where the talented youth of the land can pursue the search for truth
and knowledge and benefit from a continuous exchange of ideas in an
atmosphere of academic freedom, free from the constricting influence of
any prescribed form and content of thought;
WHEREAS, as such institution of higher learning, UP has always been
guaranteed full management and control of its affairs, including its
financial affairs, thus according to UP the flexibility to allocate and
utilize its resources with the wisdom and dispatch that its needs
require;
WHEREAS, in that atmosphere lies the excellence of a UP education, and
the foundation upon which UP is held in high esteem by the
international academic community;
WHEREAS, laws which have been enacted to insure proper fiscal planning
and management of governmental funds might be misinterpreted by
implementing agencies in a manner which unreasonably curtails or
restricts the ability of UP to pursue its prescribed mission and to
maintain its standing in the international academic community;
WHEREAS, it has always been the policy of the Government, particularly
of this Administration under the New Republic, to preserve and expand
UP as an institution of higher learning for the talented youth of the
land and of other countries in this part of the world;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
pursuant to the powers vested in me by the Constitution and by the laws
of the Philippines, do hereby order as follows:
Section 1.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Sec. 7.
Sec. 8.
Sec. 9. Since 19.07.98.
Done in the City of Manila,
this 1st day of August, in the year of Our Lord, nineteen hundred and
eighty-one.
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