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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1259 |
Pursuant to my instructions contained in Letter of Instructions No. 791 directing the Minister of Natural Resources to operationalize the Blue Revolution Program of the Ministry of Natural Resources and Letter of Instructions No. 868 granting the release of Ten Million Pesos to the Biyayang Dagat Fisheries Loan and Guarantee Fund, I hereby issue the following additional directives as a means of providing additional support to municipal fishermen, and in lieu of the fuel subsidy they requested:
1.
In order to sustain the objectives of the program, the Minister of the
Budget is hereby directed to immediately allocate from national
budgetary appropriations the amount of One Hundred Million
(P100,000,000.00) Pesos as additional funds for the Biyayang Dagat
Program:
2. The
additional fund will be used to intensify the Biyayang Dagat Program
through more extensive credit facilities for fish production and
marketing activities of municipal fishermen;
3. The
additional One Hundred Million (P100,000,000.00) Pesos shall be
released to the Fishery Industry Development Council for the said
Biyayang Dagat Fisheries Loan and Guarantee Fund;
4. To further
implement the government's program in the development of idle and
undeveloped fishery resources, the use of KKK funds is hereby
authorized for loans to fishermen qualified under the Biyayang Dagat
Program.
Letters of Instructions, Executive Orders, Memoranda, Circulars, Rules and Regulations, or parts thereof inconsistent with this Letter of Instructions are hereby revoked or modified accordingly.
This Letter of Instructions shall take effect immediately.
Done in the City of Manila, this 28th day of July, in the year of Our Lord, nineteen hundred and eighty-two.
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Since 19.07.98.
