Amending Section Twelve of Presidential Decree Numbered Nine Hundred Forty-One
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Amending Section Twelve of Presidential Decree Numbered Nine Hundred Forty-One
Presidential Decree No. 1019
September 22, 1976
Case Overview and Summary
Amending Section 12 of Presidential Decree No. 941• Appropriates Five Million (P5 M) Pesos for the fiscal year ending December 31, 1976 to meet the organizational and other expenses of the Export Council. (Section 1)
• The appropriated amount may be adjusted based on the change in total export performance during the year immediately preceding the budget year. (Section 1)
• The same appropriated amount or such sum as may be necessary shall be included in the annual General Appropriations Decree after the fiscal year 1976. (Section 1)
• The Decree takes effect immediately. (Section 2)
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Executive Issuances
Presidential Decrees
Export Council
Appropriation
Organizational Expenses
Export Performance
General Appropriations Decree
Fiscal Year 1976
Presidential Decree No. 941
Section 12 Amendment
Law
Amending Section Twelve of Presidential Decree Numbered Nine Hundred Forty-One
Presidential Decree No. 1019
•September 22, 1976
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 1019
AMENDING SECTION TWELVE OF PRESIDENTIAL DECREE NUMBERED NINE HUNDRED FORTY-ONE
I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, in order to effect minor amendments to existing law and needed corrections of certain typographical errors therein, do hereby order and decree the following:
Section 1. Section twelve of Presidential Decree No. 941 is hereby amended to read as follows:
"SEC. 12. Appropriation. - To meet the organizational and other expenses of the Export Council, the amount of Five Million (P5 M) Pesos, or so much thereof as may be necessary for the fiscal year ending December 31, 1976, is hereby appropriated out of any funds in the National Treasury not otherwise appropriated. Thereafter, the same amount, which may be adjusted by an amount reflective of the change in total export performance during the year immediately preceding the budget year, or such sum as may be necessary for the purpose shall be included in the annual...
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