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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 250 -
DESIGNATING THE DEPARTMENT OF FINANCE (DOF) AS THE ADMINISTRATOR OF THE
ECONOMIC SUPPORT FUND
WHEREAS,
the Department of Finance is the government agency responsible for the
sound and efficient management of the financial resources of the
national government, its
subdivisions, agencies and instrumentalities;
WHEREAS, the Economic Support Fund (hereinafter the Fund) — one of the
financial resources of the national government used to finance its
priority development programs and projects, including foreign-assisted
projects — was previously administered by the Presidential Committee on
Flagship Programs and Projects pursuant to E.O. No. 155;
WHEREAS, the Presidential Committee on Flagship Programs and Projects
was among those agencies abolished by virtue of E.O. No. 72 on
rationalization of agencies attached to the Office of the President;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
DONE in the City of Manila,
this 17th day of November, in the year of Our Lord, Two Thousand and
Three.
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