Appropriating Funds For The Fabrication Of School Building Components And Establishing Fabrication Plants Therefor

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 703 May 16, 1975

APPROPRIATING FUNDS FOR THE FABRICATION OF SCHOOL BUILDING COMPONENTS AND ESTABLISHING FABRICATION PLANTS THEREFOR

WHEREAS, from statistics gathered, there is a current backlog in the school building construction of approximately forty six thousand (46,000) school rooms;

WHEREAS, due to the continuing increase of student population, the yearly occurence of natural calamities such as typhoons, floods and earthquakes, and the depreciation brought about by ordinary wear and tear, school rooms and buildings have to be provided, repaired or replaced yearly;

WHEREAS, actual experience has shown that construction of school buildings with the use of standardized prefabricated building components is more economical and expeditious; and

WHEREAS, the Japanese reparations as the major source of school building components has already been terminated;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:

Section 1. There shall be established, under the direct supervision and control of the...

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Summary of Presidential Decree No. 703

Establishment of Prefabrication Plants for School Building Components
- Prefabrication plants for school building components shall be established under the supervision of the Director of Public Works. (Section 1)
- The plants will be located in strategic places across the country to fabricate school building components.

Appropriation of Funds
- An amount of 50 million pesos is appropriated from the National Treasury for the organization and initial operating capital of the plants. (Section 2)
- The appropriation covers construction of buildings, acquisition of equipment (including motor vehicles), salaries and wages of personnel, and other operating expenses. (Section 3)

Payment for Prefabricated Components
- The prefabricated school building components produced by these plants shall be paid from the allotments for the construction of school buildings allocated to the various district and city engineering offices of the Bureau of Public Works. (Section 4)

School Building Components Fabrication Trust Fund
- The income derived from the operation of the plants shall be constituted as a trust fund called the "School Building Components Fabrication Trust Fund" under the administration of the Bureau of Public Works. (Section 5)
- The trust fund shall be spent solely for the operation and maintenance of the plants, including the construction of buildings and acquisition of equipment (including motor vehicles) as needed.

Continuous Operation and Appropriation
- The necessary appropriations for the continuous operation of these plants shall be included in the general annual appropriation measure. (Section 6)

Tax Exemption
- The acquisition of equipment, supplies, and materials for this purpose shall be exempt from any tax. (Section 7)

Effectivity
- This Decree shall take effect immediately. (Section 8)