Further Extending the Term of the Presidential Committee to Study Government Corporations (PCSGC) Created Under Executive Order No. 464, Series of 1976

EXECUTIVE ORDER NO. 653 February 23, 1981

FURTHER EXTENDING THE TERM OF THE PRESIDENTIAL COMMITTEE TO STUDY GOVERNMENT CORPORATIONS (PCSGC) CREATED UNDER EXECUTIVE ORDER NO. 464, SERIES OF 1976

WHEREAS, a study of the government corporate sector which has become an increasingly critical facet of governmental administration, is being undertaken pursuant to Executive Order No. 464, as amended;

WHEREAS, in the conduct of such study, there is need to update financial and other relevant data with respect to the operations of individual government corporations, particularly the ones recently created, that will make possible a comparative analysis over time of their operations and relative performance;

WHEREAS, this comparative analysis will provide a much more relevant basis for the development of appropriate recommendations; and

WHEREAS, it would be well to maintain the PCSGC as the proper body to oversee the implementation of recommendations as may be eventually approved and adopted.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the...

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Summary of Executive Order No. 653

Extension of the Presidential Committee to Study Government Corporations (PCSGC)
- The term of the PCSGC, created under Executive Order No. 464, is extended up to December 31, 1981. (Section 1)
- The PCSGC is directed to:
    - Submit its report and recommendations to the President not later than June 30, 1981. (Section 2)
    - Oversee the installation and implementation of its approved recommendations from the time of approval until December 31, 1981. (Section 2)
- The operating expenses for the corporation study from January 1, 1981 to December 31, 1981 shall be taken from additional funds made available for this purpose. (Section 3)