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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 1024 -
RECLASSIFYING THE OIL PRICE STABILIZATION FUND FROM A SPECIAL ACCOUNT
OF THE GENERAL FUND TO A TRUST ACCOUNT
WHEREAS, an Oil Price Stabilization Fund
(OPSF) was created under the provisions of Sec. 8, Presidential
Decree No. 1956;
WHEREAS, considering the specific and limited purposes for which the
OPSF may be utilized and its nature as a trust liability of government,
it is necessary that the OPSF be segregated and treated differently
from the general, special, and other Trust Funds of the government;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution and the laws
of the Philippines, do hereby order that:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
DONE in the City of Manila,
this 9th day of May, in the year of Our Lord, Nineteen Hundred and
Eighty-Five.
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