Authorizing The Secretary Of National Defense To Enter Into Defense Contracts To Implement Projects Under The Self-Reliant Defense Programs And For Other Purposes
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Authorizing The Secretary Of National Defense To Enter Into Defense Contracts To Implement Projects Under The Self-Reliant Defense Programs And For Other Purposes
Presidential Decree No. 415
March 19, 1974
Case Overview and Summary
Summary of Presidential Decree No. 415Authorizing the Secretary of National Defense to Enter into Defense Contracts
- Allows the Secretary of National Defense to enter into contracts for the manufacture or procurement of supplies, equipment, facilities, and utilities necessary for national defense under the Self-Reliant Defense Program. (Section 1)
- Allows foreign and local prime contractors engaged in the manufacture and/or fabrication of defense material to be registered and avail of incentives under Republic Act No. 5186, as amended, upon recommendation of the Department of National Defense and the National Economic and Development Authority. (Section 2)
- Authorizes the President to contract loans, credits, or indebtedness, including supplier's credit and deferred payment arrangements, not exceeding $300 million or its equivalent in other foreign currencies, with local or foreign sources or lenders, for a term of not less than 10 years, to finance projects under the Self-Reliant Defense Program. (Section 3)
- Allows the President to authorize the lending of the proceeds of such loans, credits, or indebtedness to the Development Bank of the Philippines for relending to principal contractors or sub-contractors, subject to terms and conditions imposed by the President. (Section 4)
- Requires all revenues realized from the projects financed by such loans, credits, or indebtedness to be turned over to the National Treasury by the Department of National Defense, after deducting actual and necessary expenses for operation and maintenance. (Section 5)
- Appropriates at least ₱100 million yearly under the SRDP Program budget of the AFP to carry out the provisions and purposes of this Decree. (Section 7)
- Allows for the exemption from taxes, charges, or other levies for loans, agreements, and contracts involving the utilization of the proceeds of loans, credits, or indebtedness obtained under this Decree, upon recommendation of the Secretary of Finance and approval of the President. (Section 6)
- Repeals or modifies all provisions of existing laws, orders, and regulations contrary to or inconsistent with this Decree. (Section 8)
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Executive Issuances
Presidential Decrees
National Defense
Self-Reliant Defense Program
Defense Contracts
Procurement
Supplies
Equipment
Facilities
Utilities
Foreign Loans
Credits
Indebtedness
Supplier's Credit
Deferred Payment Arrangements
Development Bank of the Philippines
Tax Exemptions
Appropriations
Armed Forces of the Philippines (AFP)
Law
Authorizing The Secretary Of National Defense To Enter Into Defense Contracts To Implement Projects Under The Self-Reliant Defense Programs And For Other Purposes
Presidential Decree No. 415
•March 19, 1974
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 415 March 19, 1974
AUTHORIZING THE SECRETARY OF NATIONAL DEFENSE TO ENTER INTO DEFENSE CONTRACTS TO IMPLEMENT PROJECTS UNDER THE SELF-RELIANT DEFENSE PROGRAMS AND FOR OTHER PURPOSES
WHEREAS, it is the objective of the State to achieve a self-reliant defense posture;
WHEREAS, the achievement of this goal requires the immediate prosecution of national defense projects for the acquisition of military material;
WHEREAS, the implementation of projects under the Self-Reliant Defense Program will generate labor, spur industrial and commercial activities, and conserve foreign exchange resources;
WHEREAS, the majority of these projects will require financing from foreign sources;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic 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 22, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree as follows:
Section 1. The Secretary of National Defense, in...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
National Defense
Self-Reliant Defense Program
Defense Contracts
Procurement
Supplies
Equipment
Facilities
Utilities
Foreign Loans
Credits
Indebtedness
Supplier's Credit
Deferred Payment Arrangements
Development Bank of the Philippines
Tax Exemptions
Appropriations
Armed Forces of the Philippines (AFP)
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 415 March 19, 1974
AUTHORIZING THE SECRETARY OF NATIONAL DEFENSE TO ENTER INTO DEFENSE CONTRACTS TO IMPLEMENT PROJECTS UNDER THE SELF-RELIANT DEFENSE PROGRAMS AND FOR OTHER PURPOSES
WHEREAS, it is the objective of the State to achieve a self-reliant defense posture;
WHEREAS, the achievement of this goal requires the immediate prosecution of national defense projects for the acquisition of military material;
WHEREAS, the implementation of projects under the Self-Reliant Defense Program will generate labor, spur industrial and commercial activities, and conserve foreign exchange resources;
WHEREAS, the majority of these projects will require financing from foreign sources;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic 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 22, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree as follows:
Section 1. The Secretary of National Defense, in...
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