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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 999 -
REGARDING THE DISPOSITION OF INSURANCE PROCEEDS AND REPAIR OF DAMAGE
CAUSED BY FIRE OR OTHER CALAMITIES |
The Minister of the Budget
The Presidential Executive Assistant
The President, Government Service Insurance System
The Administrator, General Services Administration
The Director, Bureau of Buildings and Real Property
Management
All Heads of Ministry, Bureau, Office or Agency of
the National Government
WHEREAS, certain government property, including buildings and equipment, are insured with the Government Service Insurance System;
WHEREAS, it is necessary to rationalize policy and procedures on the disposition of insurance proceeds received on fire or other damage to government property;
WHEREAS, a Calamity Fund is provided in the General Appropriations Act to support the immediate rehabilitation of properties damaged by calamity;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby Order and Instruct:
1.
Any Office damaged by fire or other insured risk shall take the
initiative, with the cooperation of the Bureau of Buildings and Real
Property Management, for the processing and collection of insurance
claims.
2. The GSIS
shall expedite processing and payment of claims. Insurance proceeds
shall be deposited with the National Treasury as income of the General
Fund.
3. The
Minister of the Budget shall release from the Calamity Fund, an amount
equivalent to the insurance proceeds, to allow prompt initiation of the
rehabilitation/repair/reconstruction work. The funds shall be released
to the Ministry of Public Works or the agency concerned, depending on
the damage sustained and the work to be done.
4. Any
additional cost needed to fully restore damage to buildings shall be
estimated by the Minister of Public Works or the agency concerned, as
the case may be, and the Minister of the Budget shall release the
minimum necessary funds on that basis, chargeable to the Calamity Fund.
Damage to chattels shall be evaluated/processed in accordance with
existing policy and procedure.
Done in the City of Manila, this 13th day of March, in the year of Our Lord, nineteen hundred and eighty.
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Since 19.07.98.
