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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 150 - AMENDING
EXECUTIVE ORDER NO. 156, SERIES OF 1968, AS AMENDED BY EXECUTIVE ORDER
NO. 163, SERIES OF 1968, CONSTITUTING THE “FUND FOR ASSISTANCE TO
PRIVATE EDUCATION” AS AN IRREVOCABLE TRUST, CREATING A “PRIVATE
EDUCATION ASSISTANCE COMMITTEE” AS TRUSTEE, AND PROVIDING FOR THE
MANAGEMENT THEREOF
WHEREAS, the “Fund for Assistance
to Private Education” (hereinafter called the “Fund”) was constituted
under Executive Order No. 156, Series of 1968, as amended, as an
irrevocable trust fund for the purpose of providing a permanent trust
fund to finance various programs of assistance to private education,
pursuant to a “Project Agreement”, entered into a June 11, 1968,
between the Government of the Republic of the Philippines and the
Government of the United States of America, executed in accordance with
the “Exchange of Notes” between said Governments:
WHEREAS, it is necessary to extend full support to government policies
and programs to create and maintain a system of education relevant to
the needs of the people and society; and
WHEREAS, it is necessary that the structure and powers of the Private
Education Assistance Committee be strengthened in order that it can
independently fulfill its functions and responsibilities as trustee,
manager and administrator of the Fund.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law and in
pursuance of the “Project Agreement” and the “Exchange of Notes”
mentioned, do hereby order the amendment of Executive Order No. 156,
Series of 1968, as amended, as follows:
Section 1.
“Sec. 2.
Sec. 2.
“Sec. 3.
a.
b.
c.
d.
e.
The
members of this Committee shall serve without any compensation.”
Sec. 3.
“Sec. 8.
Sec. 4.
“SECTION
10.
Sec. 5.
DONE in the City of Manila,
this 10th day of January in the year of Our Lord, Nineteen Hundred and
Ninety-Four.
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