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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 736 |
The Minister of the Budget
The Treasurer of the Philippines
The Chairman, National Irrigation Administration
An inter-agency study on the Magat Multi-Purpose Project by the Ministries of Energy, Finance, Budget and Public Works, Transportation and Communications has determined that the budgetary appropriation for 1979 of said project will be inadequate to cover the peso counterpart requirements. Since any delay in this project would have a significant impact on the country's irrigation and energy programs, an additional budgetary release of P200,000,000 to the National Irrigation Administration (NIA) is required to ensure that this project proceeds on schedule. Therefore, the Treasurer of the Philippines is hereby directed to release P200,000,000 out of the Special Fund created pursuant to Sec. 8 (j) of Republic Act No. 6183 as amended to NIA for this purpose.
The NIA is also directed to submit to the President of the Philippines through the Minister of Energy on or before December 31, 1979 a report counting for the disbursement and use of the foregoing amount.
This Letter of Instruction takes effect immediately.
Done in the City of Manila, this 4th day of September, in the year of Our Lord, nineteen hundred and seventy-eight.
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