Appropriating Funds For Public Works Involving Rehabilitation And Capital Development, Synchronizing The Same With Previous Public Works Appropriations.

Presidential Decrees

Presidential Decree No. 3

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 3 September 26, 1972

APPROPRIATING FUNDS FOR PUBLIC WORKS INVOLVING REHABILITATION AND CAPITAL DEVELOPMENT, SYNCHRONIZING THE SAME WITH PREVIOUS PUBLIC WORKS APPROPRIATIONS

WHEREAS, the rehabilitation and reconstruction of damaged infrastructure facilities due to the recent calamities is a primordial duty of the Government, to bring about normality in the economic and social activities of the people;

WHEREAS, in addition to rehabilitation and reconstruction, development efforts must be carried on with even greater effect, to avoid economic stagnation;

WHEREAS, the implementation of the rehabilitation and reconstruction and the undertaking of other development projects would require the availment of financial assistance preferred by international lending institutions and other governments;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081 dated September 21, 1972, and General Order No. 1 dated September 22, 1972, as amended, and for sustained...