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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 380
WHEREAS,
a number of government agencies and instrumentalities, including the
Armed Forces, have a need for helicopter and fixed wing aircraft.
WHEREAS, such aircraft are available, and unutilized, in the inventory
of Philippine Aerospace Development Corporation, a fully owned
government corporation, which aircraft the PADC have already paid for
in full.
WHEREAS, transfer of the equipment from PADC, to the aforesaid other
government agencies and instrumentalities would be to the advantage of
the country inasmuch as resources which would otherwise be idle would
then become usable.
WHEREAS, such transfer, on the other hand, requires compensation to
PADC, considering that the Corporation bears the debt service
obligations for these aircraft, but such transfers, have not been made
because of budgetary limitations of the potential user agencies.
In view thereof, I hereby declare it a desirable policy that such
aircraft when needed, shall be made available. When budget limitations
of an agency specifically authorized by the President of the
Philippines to purchase such aircraft from the Philippine Aerospace
Development Corporation prevent direct purchase, arrangements for lease
purchase or installment payments may be entered into by the agency
authorized to make such purchase.
I hereby instruct the following, in coordination with the Commission on
Audit, to devise a system whereby such installment purchases may be
concluded:
Secretary
of Finance
Commissioner of the Budget
Chairman of the Board,
Philippine Aerospace
Development Corporation
They shall submit the necessary rules and regulations governing the system 30 days from even date, for final approval.
DONE in the City of Manila, this 11th day of March, in the year of Our Lord, nineteen hundred and seventy-six.
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