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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 109 - DIRECTING
ALL NATIONAL GOVERNMENT AGENCIES TO REVERT CERTAIN ACCOUNTS PAYABLE TO
THE CUMULATIVE RESULT OF OPERATIONS OF THE NATIONAL GOVERNMENT AND FOR
OTHER PURPOSES
WHEREAS,
Republic Act No. 3526 and Presidential Decree No. 1445 provide that the
Commission on Audit may revert to the Unappropriated Surplus of the
General Fund - now called Cumulative Result of Operations - any
unliquidated balance of accounts payable which has been outstanding for
two years or more and against which no actual claim, administrative or
judicial, has been filed or which is not covered by perfected contracts
on record, save for the unliquidated balances of accounts payable in
trust funds as long as the purposes for which the funds were created
have not been accomplished;
WHEREAS, Executive Order No. 228, series of 1970, provides that all
accounts payable and unliquidated obligations, two years old or over,
and/or other undocumented accounts payable irrespective of age are
required to be reverted to the Unappropriated Surplus, save for the
unliquidated balances of accounts payable in trust funds as long as the
purpose for which the funds were created have riot been accomplished;
WHEREAS, under Memorandum Order No. 181, series of 1988, all agencies
were directed to revert their 1985 and prior years accounts payable, be
they documented or undocumented, as well as their 1986 and 1987
undocumented accounts payable to the unappropriated surplus of the
General Fund with the exception of trust funds;
WHEREAS, despite the aforementioned law and issuances, it has been
observed that there still remains a proliferation of dormant and
outstanding accounts payable in the books of accounts of agencies;
WHEREAS, these prior years’ accounts payable hamper national government
efforts to establish a more realistic cash program;
WHEREAS, in view of the various competing demands on existing
government financial resources, there is a need to determine the actual
cash requirements for accounts payable which are due and demandable;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order and direct:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6. Since 19.07.98.
Done in the City of Manila,
this 10th of June, in the year of our Lord, nineteen hundred and ninety
nine.
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