Amending Executive Order No. 254-A, Series of 2004, which Authorized The Further Release of Funds from the Net Government Share from Service Contract No. 38 over the Camago-Malampaya Natural Gas Reservoir as assistance to the Province of Palawan

MALACAÑANG
Manila

BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER No. 405 February 1, 2005

AMENDING EXECUTIVE ORDER NO. 254-A, SERIES OF 2004, WHICH AUTHORIZED THE FURTHER RELEASE OF FUNDS FROM THE NET GOVERNMENT SHARE FROM SERVICE CONTRACT NO. 38 OVER THE CAMAGO-MALAMPAYA NATURAL GAS RESERVOIR AS ASSISTANCE TO THE PROVINCE OF PALAWAN

WHEREAS, Executive Order No. 254, dated December 8, 2003, authorized the release of funds from the net government share from Service Contract No. 38 over the Camago-Malampaya Natural Gas Reservoir as assistance to the Province of Palawan;

WHEREAS, Executive Order No. 254, as amended by Executive Order No. 254-A dated March 3, 2004, authorized the further release of funds from such service contract, for the construction of additional facilities for the Ospital ng Palawan Provincial Hospital and for the acquisition of land and development of the El Nido Municipal Airport, among others;

WHEREAS, the Province of Palawan will be better benefited if the Provincial Health Office is designated as beneficiary, instead of Ospital ng Palawan, which has been nationalized and...

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Summary of Executive Order No. 405

Amending Executive Order No. 254-A on the Release of Funds from Service Contract No. 38 over the Camago-Malampaya Natural Gas Reservoir as Assistance to the Province of Palawan

- Designates the Provincial Health Office as the beneficiary instead of Ospital ng Palawan Provincial Hospital for the construction of additional facilities and acquisition of medical equipment. (Section 1, amending Section 2(g))
• Allocates Ten Million Pesos (P10,000,000.00) for this purpose.

- Reallocates funds for the concreting and installation of a drainage system of the Poblacion to Lio Airport road in the Municipality of El Nido instead of the acquisition of land and development of the El Nido Municipal Airport. (Section 1, amending Section 2(i))
• Allocates Forty Million Pesos (P40,000,000.00) for this purpose.

- Repeals or modifies all Executive Orders and other issuances or parts thereof inconsistent with the provisions of this Executive Order. (Section 2)

- Mandates that this Executive Order shall take effect after publication in at least two (2) newspapers of general circulation. (Section 3)