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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1377 |
The Secretary-General, KKK National Secretariat
The Chairman, Management Advisory Committee,
Development Projects Fund
The Minister, Office of Budget and Management
The Administrator, KKK Processing Center Authority
To implement the expanded thrust of the Kilusang Kabuhayan at Kaunlaran, the following instructions are hereby given:
1.
Provincial Development Fund is hereby created which is an equity fund
to be funded by savings of provincial governments and matched by an
equivalent amount from the KKK Project Development Management Fund
(PDMF) and/or Development Projects Fund (DPF). This fund will be used
to front-end viable livelihood activities that are in support of the
provincial development plan approved by the Provincial Development
Council.
2. A corp of
Presidential Fellows for Economic Management (PROFEM) is hereby created
composed of about 77 Provincial Economic Managers who will be seconded
from top executives and successful businessmen of the private sector.
This Economic Managers will be compensated equivalent to private sector
rates and appointed by the President for a period of three (3) years.
For the purpose of this program, the Economic Managers will be exempted
from the pertinent provisions of the anti-graft law.
3. These
Economic Managers will directly report to the Office of the President.
The position of a Presidential Executive Assistant for Economic and
Development Affairs is hereby created who will be responsible for the
day-to-day supervision for this program.
4. The
Provincial Governor will be the Chairman of the Provincial Development
Fund with the Economic Manager as the Chief Executive Officer.
5. The KKK
through the KKK PCA and the DPF is hereby authorized to provide
matching equity funds, the amount of which will be determined by actual
project requirements.
6. The KKK PCA
and DPF will promulgate the Financial and Operating Systems to
implement and control the fund utilization and consultation with the
Ministry of Local Government and Office of the Budget and Management.
7. The KKK is
hereby allowed to utilize part of its PDMF funds to front-end the fund
requirements of setting up this program recoverable from the Provincial
Development Funds that will be established.
This Letter of Instruction shall take effect immediately.
Done in the City of Manila, this 31st day of January, in the year of our Lord nineteen and hundred eighty-four.
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