Providing for the Abolition of Certain Inactive Government Corporations

EXECUTIVE ORDER NO. 817 July 8, 1982

PROVIDING FOR THE ABOLITION OF CERTAIN INACTIVE GOVERNMENT CORPORATIONS

WHEREAS, under the New Republic, national economic development shall be pursued with renewed dedication and greater determination through a more efficient, effective, and economical government;

WHEREAS, since supra-regional and regional development corporations are likely to provide more equitable development programs there is need to formally abolish certain sub-regional development corporations which were established by special law but which were never organized;

WHEREAS, the Bicol Development Company has been inactive and has been operating under a caretaker arrangement since its operations were suspended in 1976;

WHEREAS, the Philippine National Iron and Steel Corporation was never organized, and its original envisioned role as a holding company is no longer necessary;

WHEREAS, the Coconut Investment Company was likewise never organized, and its envisioned functions can be performed by other existing entities;

WHEREAS, the abolition of these inactive government corporations will avoid undue organizational fragmentation and competition for scarce resources; and

WHEREAS, under Presidential Decree No. 1416...

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Summary of Executive Order No. 817

Abolition of Inactive Government Corporations
- Abolishes the following inactive government corporations:
  • Catanduanes Development Authority (Sec. 1)
  • Ilocos Sur Development Authority (Sec. 1)
  • Mindoro Development Board (Sec. 1)
  • Northern Samar Development Authority (Sec. 1)
  • Panay Development Authority (Sec. 1)
  • Southeastern Samar Development Authority (Sec. 1)
  • Sulu Development Company (Sec. 1)
  • Philippine National Iron and Steel Corporation (Sec. 1)

Abolition of Bicol Development Company
- Abolishes the Bicol Development Company created under Republic Act No. 4690. (Sec. 2)
- Transfers its assets, liabilities, records, equipment, and property to the National Economic and Development Authority (NEDA). (Sec. 2)
- NEDA may appoint qualified personnel of Bicol Development Company to appropriate positions, and those not appointed are deemed laid off with entitlement to benefits and gratuities under existing laws. (Sec. 2)

Abolition of Coconut Investment Company
- Abolishes the Coconut Investment Company created under Republic Act No. 6260. (Sec. 3)
- Transfers its powers and functions as follows:
  • The Philippine Coconut Authority shall assume responsibility for technical and economic research studies, promotional programs, scholarship grants, and industrial manpower development projects for the coconut industry, as provided for under Subsection (d) of Section 5 of Republic Act No. 6260. (Sec. 3(a)(1))
  • The Development Bank of the Philippines shall assume responsibility for the lending and investment functions provided for under Subsections (a) and (b) of Section 5 of Republic Act No. 6260. (Sec. 3(a)(2))
- Distributes the Coconut Investment Fund collected pursuant to Republic Act No. 6260, amounting to over one hundred and fifty million pesos, as follows:
  • 30% of the Fund shall be transferred to the Philippine Coconut Authority as a Trust Fund. (Sec. 3(b)(1))
  • 70% of the Fund shall be retained and managed by the Development Bank of the Philippines as a Trust Fund. (Sec. 3(b)(2))

Repealing and Separability Clauses
- Repeals or modifies all laws, decrees, orders, proclamations, rules, regulations or parts thereof that are inconsistent with the provisions of this Executive Order. (Sec. 4)
- Any portion declared unconstitutional shall not nullify the other provisions, provided that the remaining portions can still stand and be given effect. (Sec. 5)

Effectivity
- This Executive Order shall take effect immediately. (Sec. 6)