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.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 381 -
AUTHORIZING THE NATIONAL POWER CORPORATION TO ENTER INTO NEGOTIATED
CONTRACTS BEYOND THE PRESENT CEILINGS FOR INFRASTRUCTURE PROJECTS
WHEREAS,
there is an urgency in the implementation of the projects being
undertaken by the National Power Corporation;
WHEREAS, in view of said urgency, there is a need to authorize the
Governing Board of the National Power Corporation to enter into
negotiated contracts beyond the present ceilings for infrastructure
projects.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by law, do hereby authorize the
Governing Board of the National Power Corporation to enter into
negotiated contracts for infrastructure projects not exceeding five
hundred million pesos (P500 Million); Provided, That said contracts
shall only be rewarded in strict compliance with Sec. 5 of Executive
Order No. 164, S. of 1987.
Negotiated contracts involving more than P500 Million shall only be
entered into upon prior authority from the Office of the President.
This Executive Order shall take effect immediately.
DONE in the City of Manila,
this 27th day of November, in the year of Our Lord, nineteen hundred
and eighty-nine.
chanrobles virtual law library
Back to Main
chan
robles virtual law library
Since 19.07.98.