EXECUTIVE ORDER NO. 148 March 3, 1987
MODIFYING EXECUTIVE ORDER NO. 114 DATED DECEMBER 24, 1986
WHEREAS, national interest requires that Executive Order No. 114 dated December 24, 1986 be clarified for the purpose of implementing immediately the intent and objective thereof by expediting the procedural requirements provided under Section 2 and 5 thereof;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:
Sec. 1. Section 2 of Executive Order No. 114 is hereby modified to read as follows:
"Section 2. The Ministry of Budget and Management shall immediately cause the release of the amount of P487 million as subsidy to the Sugar Regulatory Administration, chargeable against any fund in the National Treasury not otherwise appropriated for the purpose of liquidating the unpaid obligations of the National Sugar Trading Corporation to the sugar producers-claimants and for them to settle their accounts with financing institutions. The Sugar Regulatory Administration shall effect payment immediately to the Sugar producers-claimants after its receipt of the Commission on Audit's certification based on the...
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Executive Orders
Modifying Executive Order No. 114 Dated December 24, 1986.
Executive Order No. 148
Modifying Executive Order No. 114 dated December 24, 1986
- Release of P487 million as subsidy to the Sugar Regulatory Administration (Section 1)
• To liquidate the unpaid obligations of the National Sugar Trading Corporation to the sugar producers-claimants.
• For the sugar producers-claimants to settle their accounts with financing institutions.
• The Sugar Regulatory Administration shall effect payment immediately to the sugar producers-claimants after receiving the Commission on Audit's certification based on partial audits, pending the completion of the detailed audit.
- Task Force to Study the 60-30-10 Plan involving Sugar Lands in Negros Occidental (Section 2)
• The Task Force is instructed to consider the improved financial position of sugar planters resulting from the settlement of the National Sugar Trading Corporation obligation in its evaluation of the said Plan.
• The Plan contemplates a land-sharing and crop diversification program.
- Repealing or modifying inconsistent laws, orders, issuances, rules and regulations (Section 3)
- Immediate effect of the Executive Order (Section 4)
- Release of P487 million as subsidy to the Sugar Regulatory Administration (Section 1)
• To liquidate the unpaid obligations of the National Sugar Trading Corporation to the sugar producers-claimants.
• For the sugar producers-claimants to settle their accounts with financing institutions.
• The Sugar Regulatory Administration shall effect payment immediately to the sugar producers-claimants after receiving the Commission on Audit's certification based on partial audits, pending the completion of the detailed audit.
- Task Force to Study the 60-30-10 Plan involving Sugar Lands in Negros Occidental (Section 2)
• The Task Force is instructed to consider the improved financial position of sugar planters resulting from the settlement of the National Sugar Trading Corporation obligation in its evaluation of the said Plan.
• The Plan contemplates a land-sharing and crop diversification program.
- Repealing or modifying inconsistent laws, orders, issuances, rules and regulations (Section 3)
- Immediate effect of the Executive Order (Section 4)