Increasing The Capitalization Of The Human Settlements Development Corporation
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Increasing The Capitalization Of The Human Settlements Development Corporation
Presidential Decree No. 1750
December 12, 1980
Case Overview and Summary
Summary of Presidential Decree No. 1750Increasing the Capitalization of the Human Settlements Development Corporation
- Authorizes an increase in the authorized capital stock of the Human Settlements Development Corporation (HSDC) to Five Billion Pesos (P5,000,000,000), divided into 5,000,000 shares with a par value of One Thousand Pesos (P1,000) per share. (Sec. 10)
- The authorized capital stock can be subscribed and paid for by:
- The Government of the Republic of the Philippines
- Government-owned or controlled corporations
- Local government units
- The subscription can be in the form of equity investment, either in cash or in property. (Sec. 10)
- Funds earlier released for BLISS projects can also be used for the purpose of subscribing to the authorized capital stock. (Sec. 10)
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Executive Issuances
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Human Settlements Development Corporation
capitalization
authorized capital stock
equity investment
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government-owned corporations
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Increasing The Capitalization Of The Human Settlements Development Corporation
Presidential Decree No. 1750
•December 12, 1980
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 1750
INCREASING THE CAPITALIZATION OF THE HUMAN SETTLEMENTS DEVELOPMENT CORPORATION
WHEREAS, the Ministry of Human Settlements has and successfully pursued its shelter and livelihood projects under the BLISS programs creating not only fresh strategic solutions but also new financial and liquidity approaches to the housing and income- generation problems of the government;
WHEREAS, the Human Settlements Development Corporation, an implementing corporation agency of the Ministry of Human Settlements has likewise succeeded in providing support services and financial conduits to the Ministry's various programs including the BLISS and other land development programs;
WHEREAS, the continued and sustained implementation of the Ministry's programs that requires corporate flexibilities may exhaust HSDC resources;
WHEREAS, it has now become necessary to increase the capitalization of the Human Settlements Development Corporation;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree the amendment of P.D. No. 1396 as follows:
"Sec. 10. Capitalization of the Corporation. The Corporation shall...
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