Republic Act No. 6395
AN ACT REVISING THE CHARTER OF THE
NATIONAL
POWER CORPORATION
SECTION 1. The
Charter of the National Power Corporation is hereby revised, and shall
henceforth read as follows:
“SECTION 1. Declaration of Policy. – Congress hereby declares that (1) the
comprehensive development, utilization and conservation of Philippine water
resources for all beneficial uses, including power generation, and (2) the
total electrification of the Philippines through the development of power from
all sources to meet the needs of industrial development and dispersal and the
needs of rural electrification are primary objectives of the nation which shall
be pursued coordinately and supported by all instrumentalities and agencies of
the government, including its financial institutions.
“SEC. 2.
The
National Power Corporation;
Its Corporate Life; ‘Corporation’ and ‘Board’ Defined. – To carry out the
above-stated policy, specifically to undertake the development of hydroelectric
generation of power and the production of electricity from nuclear, geothermal
and other sources, as well as the transmission of electric power on a
nationwide basis, the public corporation created under Commonwealth Act
Numbered One hundred twenty and know as the
National
Power Corporation’ shall continue to exist for fifty years from and after
the expiration of its present corporate existence.
“In the pursuit of its objectives, the
Corporation
shall, s far as feasible, spread the benefits of its projects and operations to
the greatest number of the population possible, and the
Corporation shall prosecute faithfully
such projects as will promote the total electrification of
“The words
‘Corporation’ and ‘Board’
appearing in this Act shall respectively refer to the
National Power Corporation and the
National Power Board.
“SEC. 3. Powers
and General Functions of the
Corporation. – The powers, functions, rights
and activities of the
Corporation
shall be the following:
“(a) To have continuous succession under its corporate name until
otherwise provided by law;
“(b) To prescribe its by-laws not inconsistent with this Act;
“(c) To adopt and use a seal and alter it at its pleasure;
“(d) To sue and be sued in any court;
“(e) To conduct investigations and surveys for the development of water
power in any part of the
“(f) To take water from any public stream, river, creek, lake, spring or
waterfall in the Philippines, for the purposes specified in this Act; to
intercept and divert the flow of waters from lands of riparian owners and from
persons owning or interested in waters which are or may be necessary for said
purposes, upon payment of just compensation therefor; to alter, straighten,
obstruct or increase the flow of water in streams or water channels
intersecting or connecting therewith or contiguous to its works or any part
thereof: Provided, That just compensation shall be paid to any person or
persons whose property is, directly or indirectly, adversely affected or
damaged thereby;
“(g) To construct, operate and maintain power plants,
auxiliary plants, dams, reservoirs, pipes, mains, transmission lines, power
stations and substations, and other works for the purpose of developing
hydraulic power from an| river, creek, lake, spring and waterfall in the
Philippines and supplying such power to the inhabitants thereof; to acquire,
construct, install, maintain, operate, and improve gas, oil, or steam engines,
and/or other prime movers, generators and machinery in plants and/or auxiliary
plants for the production of electric power; to establish, develop, operate,
maintain and administer power and lighting systems for the transmission and
utilization of its power generation; to sell electric power in bulk to (1)
industrial enterprises, (2) city, municipal or provincial systems and other
government institutions, (3) electric cooperatives, (4) franchise holders, and
(5) real estate subdivisions: Provided, That the sale of power in bulk
to industrial enterprises “and real estate subdivisions may be undertaken by
the
Corporation when the power
requirement of such enterprises or real estate subdivisions is not less than
100 kilowatts, when in the judgment of the Public Service Commission the
franchise holder is not in a position or fails or refuses to adequately supply
such power requirement, unless the franchise holder consents thereto: Provided,
further, That the
Corporation
shall continue to sell electricity to industrial enterprises under existing
contracts; and provide for the collection of the charges for any service
rendered;
“(h) To acquire, promote, hold,
transfer, sell, lease, rent, mortgage, encumber and otherwise dispose of
property incident to, or necessary, convenient or proper to carry out the
purposes for which the
Corporation was
created: Provided, That in case a right of way is necessary for its
transmission lines, easement of right of way shall only be sought: Provided,
however, That in case the property itself shall be acquired by purchase,
the cost thereof shall be the fair market value at the time of the taking of
such property;
“(i) To construct works across, or otherwise,
any stream, watercourse, canal, ditch, flume, street, avenue, highway or
railway of private and public ownership, as the location of said works may
require: Provided, That said works be constructed in such a manner as not to
endanger life or property: And provided, further, That the stream,
watercourse, canal ditch, flume, street, avenue, highway or railway so crossed
or intersected be restored as near as possible to their former state, or in a
manner not to impair unnecessarily their usefulness. Every person or entity whose right of way or
property is lawfully crossed or intersected by said works shall not obstruct
any such crossings or intersection and shall grant the Board or its
representative, the proper authority for the execution of such work. The
Corporation
is hereby given the right of way to locate, construct
and maintain such works over and throughout the lands owned by the Republic of
the
“(j) To exercise the right of eminent domain for the purpose of this Act
in the manner provided by law for instituting condemnation proceedings by the
national, provincial and municipal governments;
“(k) When essential to the proper administration of its corporate
affairs or necessary for the proper transaction of its business or to carry out
the purposes for which it was organized, to contract indebtedness and issue
bonds subject to approval of the President upon recommendation of the
Secretary of Finance;
“(l) To exercise such powers and do such things as may
be reasonably necessary to carry out the business and purposes for which it was
organized, or which, from time to time, may be declared by the Board to be
necessary, useful, incidental or auxiliary to accomplish the said purpose;
“(m) To cooperate with, and to coordinate its operations with those of
the
National Electrification Administration
and public service entities;
“(n) To exercise complete jurisdiction and control over watersheds
surrounding the reservoirs of plants and/or projects constructed or proposed to
be constructed by the
Corporation. Upon determination by the
Corporation of the areas required for
watersheds for a specific project; the Bureau of Forestry, the Reforestation
Administration and the Bureau of Lands shall, upon written advice by the
Corporation, forthwith surrender
jurisdiction to the
Corporation of all
areas embraced within the watersheds, subject to existing private rights, the needs
of waterworks systems, and the requirements of domestic water supply;
“(o) In the prosecution and maintenance of its projects, the
Corporation shall adopt measures to
prevent environmental pollution and promote the conservation, development and
maximum utilization of natural resources; and
“(p) Generally, to exercise all the powers of a corporation under the
Corporation Law insofar as they are not inconsistent with the provisions of
this Act.
“SEC. 4.
Fixing of Rates by the Board and
Review by the Public Service Commission.
– The Board shall fix the rates and fees to be charged
by the
Corporation so that the
Corporation’s rate of return shall be not
more than ten per centum (10%) on a rate base composed of the sum of its net
assets in operation as revalued from time to time plus two months’ operating
capital: Provided, That in determining the rate of return, interest on
loans, bonds and other debts shall not be included as expenses. Such rates and fees shall be effective and
enforceable fifteen (15) days after publication in a newspaper of general
circulation. The Public Service
Commission shall have exclusive original jurisdiction over all cases contesting
said rates or fees. Any complaint
against such rates or fees shall be filed with the Public Service Commission
within thirty (30) days after the effectivity of such rates or fees, but the
filing of such complaint or action shall not stay the effectivity of said rates
or fees. The Public Service Commission
shall verify the rate base, and the rate of return computed therefrom, in
accordance with the standards herein outlined.
The Public Service Commission shall finish, within sixty (60) calendar
days, any and all proceedings necessary and/or incidental to the case, and
shall render its findings or decisions thereon within thirty (30) calendar days
after said case is submitted for decision.
“In cases where the decision is against the fixed rates or fees, excess
payments shall be reimbursed and/or credited to future payments, in the
discretion of the Commission.
“The decision of the Public Service Commission shall be appealable
to the
Supreme Court in
accordance with the provisions of the Rules of Court.
“The
Corporation shall charge in any
interconnected system a uniform schedule of rates for all its customers that
fall within the same classification.
“The rates to be charged in any interconnected system in Luzon, Visayas, and
Mindanao, respectively, shall be determined independently from each other, and
expenses or fixed investments in any one region shall not be utilized for
purposes of fixing the rates to be charged in another region, but shall be
determined in the light of conditions and circumstances obtaining in each
region.
“SEC. 5. Capital
Stock of the
Corporation. – The authorized capital stock of the
Corporation is three hundred million
pesos divided into three million shares having a par value of one hundred pesos
each, which shares are not to be transferred,
negotiated, pledged, mortgaged, or otherwise given as security for the payment
of any obligation. The said capital
stock has been subscribed and paid wholly by the Government of the
“SEC. 6.
The National Power Board; Its
Composition; Compensation of Members; Qualifications; Powers and Duties. – The corporate powers of the
Corporation shall be vested in and
exercised by the Board composed of seven members consisting of a chairman, vice-chairman and five directors who, with the
exception of the vice-chairman, shall be appointed by the President of the
“In the appointment of said members, the President of the
“The General Manager shall be the ex-officio Vice-Chairman of the Board.
“The said members of the Board shall serve for terms of three years, except
that any person appointed to fill a vacancy shall serve only for the unexpired
term of the member whom he succeeds.
“Every member of the Board shall possess any one or combination of the
following qualifications: A duly
licensed professional of recognized competence in engineering, in business
management and finance, or in law, particularly in the field of corporate
practice, with at least ten years actual and distinguished experience in their
respective fields of expertise, or a recognized labor, leader with sufficient
training, particularly in labor-management relations, and of good moral
character. The regional representatives
appointed by the President of the
“The members of said Board shall receive a per diem, of not to exceed three
hundred pesos for each regular meeting of the Board and one hundred pesos for
each special meeting actually attended by them: Provided,
That such per diems shall not exceed one thousand five hundred pesos during any
month for each member: And, provided, further, That no other
allowances or any form of compensation shall be paid them, except actual
expenses in traveling to and from their residences to attend Board meetings.
“A majority of the members of the
Board shall constitute a quorum for the transaction of the business of the
Board.
“The Board shall, moreover, have the following specific powers and duties:
“(a)
To formulate and adopt policies and measures for the management and operation
of the
Corporation;
“(b) To adopt an annual and supplemental budget of
receipts and expenditures of the
Corporation
according to its requirements, which may include financial assistance of not
more than ten thousand pesos each to municipalities which are the site of or
contiguous to watersheds, lakes or natural sources of hydroelectric power being
utilized by the
Corporation, subject
to the approval of the Office of Economic Coordination: Provided,
That copies of the budgets of receipts and expenditures herein referred to
shall be submitted to the Committee on National Enterprises and Government
Corporations of the
Senate and the
Committee on Government Enterprises of the
House
of Representatives within fifteen (15) days from the transmission thereof
to the
Office of Economic Coordination;
“(c) Subject to the provisions
of existing laws and regulations and upon the recommendation of the general
Manager, to organize, reorganize and determine the
Corporation’s staffing pattern and the
number of personnel, to fix their salaries and to define their powers and
duties;
“(d) To appoint and fix the compensation of the General Manager, subject
to the approval of the President of the Philippines, and to appoint and fix the
compensation of the Assistant General Manager, regional managers, and
department chiefs with the approval of the
Administrator
of Economic Coordination;
“(e) For cause, to suspend, or remove, by a majority vote of all
members, the General Manager, with the approval of the President of the
Philippines, and the Assistant General Manager, regional managers and
department chiefs, with the approval of the
Office
of Economic Coordination; and
“(f) To adopt and set down guidelines for the employment of personnel on
the basis of merit, technical competence arid moral character.
“SEC. 7. The General Manager; His Powers and
Duties; Regional Managers and Other Officers and Employees of the
Corporation. – The management of the
Corporation shall be vested in the
General Manager, assisted by the Assistant General Manager and three regional
managers respectively for operations in Luzon, Visayas and Mindanao, a
department chief for finance, a department chief for engineering and
construction, a department chief for administration, and such additional
officers and employees as the said Board may provide. For this purpose, the General Manager shall
have the following powers and duties:
“(a) To execute and administer the policies and measures approved by the
Board, and have the responsibility for the efficient discharge of management
functions;
“(b) To submit for the consideration of the Board such other policies
and measures which he deems necessary to carry out the purposes and provisions
of this Act;
“(c) To direct and supervise the operation and internal administration
of the
Corporation and, for this
purpose, may delegate some or any of his administrative responsibilities and
duties to other officers of the
Corporation;
“(d) Subject to the guidelines and policies set up by the Board, to
appoint and fix the number and compensation of subordinate officials and
employees of the
Corporation; and, for
cause, to remove, suspend or otherwise discipline, any subordinate employee
with the approval of the Board;
“(e) To prepare an annual report on the activities of
the
Corporation at the close of each
fiscal year and submit a copy thereof to the President of the Philippines,
President of the Senate, and Speaker of the House of Representatives and to the
chairman of the committee concerned in the Senate and in the House of
Representatives: Provided, That the
Corporation shall similarly submit to the
respective chairman of the said committees of Congress a report of its
operations and financial statements within fifteen (15) days from the end of
every quarter: And provided, further, That said committees, either motu proprio or upon the request of any of
their members, or of any Member of Congress, as the case may be, shall have the
authority to look into all the matters relative to the financial and business
operations and expenditures of the
Corporation;
“(f) To exercise such other powers and duties as may be vested in him by
the Board from time to time. In the case
of absence or disability of the General Manager, the Assistant General Manager
shall act in his place.
“Under the supervision and control of the General Manager,
the regional managers shall take charge of the operations of the
Corporation as well as its power
development program within their respective regions, and, subject to such
conditions as the Board may prescribe upon recommendation of the General
Manager, shall have as much autonomy as shall ensure the efficient conduct of
the
Corporation’s affairs.
“The
Auditor General shall be ex-officio
Auditor of the
Corporation. The provisions of Section five hundred
eighty-four of the Revised Administrative Code, as amended by Section one of
Republic Act Numbered Twenty-two hundred sixty-six, shall apply to the office
of the representative of the
Auditor General
in the
Corporation.
“SEC. 8.
Authority to Incur Indebtedness
and Issue Bonds; Their Conditions, Privileges and Exemptions, Sinking Funds;
Guarantee. –
“(a) Domestic Indebtedness. –
Whenever the Board deems it necessary for the
Corporation to incur indebtedness or to
issue bonds to carry out the purpose for which the
Corporation has been
organized, it shall, by resolution, declare and state the purpose for
which the proposed debt is to be incurred and the conditions of the bonds. In order that such resolution be valid, it
shall be passed by the affirmative vote of at least four members of the Board
and approved by the President of the
“The bonds shall be issued under the following
conditions: (1) they shall be in
registered form and transferable at the Office of the Treasurer of the
Philippines; (2) they shall not be sold at less than par; (3) they shall be
payable ten years or more from date of issue as may be determined by the
Secretary of Finance before their issuance but may be redeemable, at the
pleasure of the Board, after five years from such date of issue; (4) they shall
bear interest at an annual rate to be determined before their issuance by the
Secretary of Finance; (5) the interest may be
payable quarterly, semi-annually or annually as may be determined by the
Secretary of Finance before the issuance of
the bonds; and (6) both principal and interest shall be payable in legal tender
of the Philippines.
“The bonds issued under the authority of this subsection shall be exempt from
the payment of all taxes by the Republic of the
“A sinking fund shall be created, the total thereof at each annual due date of
the bonds shall be equal to an amount of annuity earning an annual interest of
nine-tenths of the rate of interest of the bonds as fixed by the
Secretary of Finance. The sinking fund shall be under the custody
of the Treasurer of the
‘The Republic of the Philippines hereby guarantees the
payment by the
Corporation of both the
principal and the interest of the bonds issued by said
Corporation by virtue of this Act, and
shall pay such principal and interest in case the
Corporation fails to do so, and there are
hereby appropriated, out of the general funds in the
National Treasury not
otherwise appropriated, the sums necessary to make the payments guaranteed by
this Act: Provided, That the sums so paid by the Republic of the Philippines
shall be refunded by the
Corporation: Provided,
further, That the
Corporation
shall set aside five per centum of its annual net operating revenues before
interests as a reserve or sinking fund to answer for amounts advanced to it by
the National Government for any loan, credit and indebtedness contracted by the
former for which the latter shall be held answerable as primary obligor or
guarantor under the provisions of this Act:
Provided, furthermore, That
the setting aside of the amounts mentioned herein shall automatically cease the
moment the accumulated sinking fund or reserve exceeds the amounts advanced to
the
Corporation by the National
Government under this Act: And, provided, finally, That the
Corporation may periodically make partial
payments to the National Government out of the said reserves.
“The total principal indebtedness of the
Corporation
under this subsection, exclusive of interest, shall not at any time exceed five
hundred million pesos.
“(b) Foreign Loans. – The
Corporation is
hereby authorized to contract loans, credits, any convertible foreign currency
or capital goods, and indebtedness from time to time from foreign governments,
or any international financial institutions or fund sources the total
outstanding amount of which, exclusive of interests, shall not exceed two
hundred million United States dollars or the equivalent thereof in other
currencies, on such terms and conditions as it shall deem appropriate for the
accomplishment of its purposes and to enter into and execute agreements and
other documents specifying such terms and conditions.
“The President of the Philippines, by himself, or through the
Secretary of Finance or the
Governor of the Central Bank, is hereby
authorized to negotiate and contract with foreign governments or any
international financial institutions, in the name and on behalf of the
Corporation, one or several loans, for
the purpose of assisting in the reconstruction, or promoting the development,
of the economy of the country.
“The President of the Philippines, by himself, or through the
Secretary of Finance or the
Governor of the Central Bank, is hereby
further authorized to guarantee, absolutely and unconditionally, as primary
obligor and not as surety merely, in the name and on behalf of the Republic of
the Philippines, the payment of the loan or loans herein authorized as well as
the performance of all or any of the obligations undertaken by the
Corporation in the territory of the
Republic of the Philippines pursuant to loan agreements entered into with
foreign governments or any international financial institutions.
“In the negotiation and contracting of any loan, credit or indebtedness under
this subsection, the provision of Section four-a of Republic Act Numbered Four
thousand eight hundred sixty, as provided in Section five of Republic Act
Numbered Six thousand one hundred forty-two, shall apply.
“The loans, credits and indebtedness contracted under this
subsection and the payment of the principal, interest and other charges
thereon, as well as the importation of machinery, equipment, materials and
supplies by the
Corporation, paid from
the proceeds of any loan, credit or indebtedness incurred under this Act, shall
also be exempt from all taxes, fees, imposts, other charges and restrictions,
including import restrictions, by the Republic of the Philippines, or any of
its agencies and political subdivisions.
“SEC. 9.
Construction of Power Projects Recommended by the General
Manager. – Upon
determination by the General Manager, on his own initiative or as recommended
by the regional manager concerned, that the construction of any project by the
Corporation is advisable, a report to the
Board, on the engineering and economic feasibility of the project together with
preliminary plans and estimates of the cost of the proposed development and the
estimated income to be derived therefrom shall be submitted by the General
Manager.
“The Board may thereupon, at its discretion, designate a consulting board
composed of two competent and impartial engineers and one competent economist
to pass upon the different aspects of the project and comment on the report of
the General Manager. The Board shall,
with the said report and comment in view, decide whether or not the project
shall be constructed, and what changes, if any, shall be made in the scheme
proposed by the General Manager.
“SEC. 10. Construction or Repair Work Awarded upon
Public Bidding; Exceptions. – All
work of construction or repair of the
Corporation
involving an estimated cost of seventy-five thousand pesos or more shall be let by the General Manager, with the approval of
the Board, to the responsible bidder who made the lowest or most advantageous
bid. Notice to bidders shall be published
as provided by law. In case no
satisfactory bid is received, the General Manager may proceed to advertise
anew, or with the approval of the Board, do the work by administration. Before award of contract is made, the General
Manager shall require the contractor to give an adequate bond to secure the
proper accomplishment of the work under contract and to satisfy all obligations
for materials used and labor employed upon the same: Provided,
That any repair, reconstruction or other work of an emergency nature may be
authorized by the Board to be undertaken by administration or by contract: And, provided,
further, That any single work of construction or repair involving an
estimated total cost of less than seventy-five thousand pesos may, at the option
of the General Manager, be authorized by him to be undertaken by administration
or by “pacquiao” contract after a canvass of the
market to determine the lowest or most advantageous price.
“SEC. 11. Penalty for Destroying, Injuring or
Interfering with any project of the
Corporation, or maliciously Interfering with any Person in the Discharge of his
Duties Connected therewith. – Any person or persons who shall maliciously destroy, injure, or
interfere with any canal, raceway, ditch, lock, pier, inlet, crib, bulkhead,
dam, gate, sluice, reservoir, aqueduct, conduit, pipes, culvert, post,
abutment, conductor, cable-wire, insulator, weir, benchmark, monument, or other
works, appliance, machinery, building or property of the
Corporation, or who shall maliciously do
any act which shall injuriously affect the quantity or quality of the water or
electrical energy of the
Corporation
or the supply, transmission, measurement, or regulation thereof, or who shall
maliciously interfere with any person engaged in the discharge of duties
connected therewith, or who shall maliciously prevent, obstruct and interfere
with the survey, works and the construction of access road and transmission
lines or any related works of the
Corporation,
shall be guilty of felony and punished with a fine ranging from one to five
thousand pesos or with imprisonment ranging from one to five years, or both
such fine and imprisonment, at the discretion of the Court, and any injured
party shall have the right to recover all damages suffered and cost of suit in
a separate civil action in any court of competent jurisdiction.
“SEC. 12. Appropriation of Public Waters. – Subject to existing rights, all unappropriated public waters which may be used and
developed for hydraulic power purposes shall be granted to the
Corporation by the
Secretary of Public Works and
Communications: Provided,
That in case of conflict with the needs for domestic water supply, the latter
shall prevail.
“SEC. 13. Non-profit Character of the
Corporation; Exemption from all Taxes, Duties, Fees, Imposts and other Charges by Government and Governmental
Instrumentalities. – The
Corporation shall be non-profit and shall
devote all its returns from its capital investment, as well as excess revenues
from its operation, for expansion. To
enable the
Corporation to pay its
indebtedness and obligations and in furtherance and effective implementation of
the policy enunciated in Section one of this Act, the
Corporation is hereby
declared exempt:
“(a) From the payment of all taxes, duties, fees, imposts, charges, costs
and service fees in any court or administrative proceedings in which it may be
a party, restrictions and duties to the Republic of the Philippines, its
provinces, cities, municipalities and other government agencies and
instrumentalities;
“(b) From all income taxes, franchise taxes and realty taxes to be paid
to the National Government, its provinces, cities, municipalities and other
government agencies and instrumentalities;
“(c) From all import duties, compensating taxes and advanced sales tax, and
wharfage fees on import of foreign goods required for
its operations and projects; and
“(d) From all taxes, duties, fees, imposts, and all other charges
imposed by the Republic of the Philippines, its provinces, cities,
municipalities and other government agencies and instrumentalities, on all
petroleum products used by the
Corporation
in the generation, transmission, utilization, and sale of electric power.
“SEC. 14. Contract with Franchise Holders, Conditions
of. – The
Corporation shall, in any contract for
the supply of electric power to a franchise holder, require as a condition that
the franchise holder, if it receives at least sixty per cent of its electric power
and energy from the
Corporation, shall
not realize a rate of return of more than twelve per cent annually on a rate
base composed of the sum of its net assets in operation revalued from time to
time, plus two-month operating capital, subject to the
non-impairment-of-obligations-of-contracts provision of the Constitution: Provided,
That in determining the rate of return, interest on loans, bonds and other
debts shall not be included as expenses.
It shall likewise be a condition in the contract that the
Corporation shall cancel or revoke the
contract upon judgment of the Public Service Commission after due hearing and
upon a showing by customers of the franchise holder that household electrical
appliances, have been damaged resulting from deliberate overloading by, or
power deficiency of, the franchise holder.
The
Corporation shall renew all
existing contracts with franchise holders for the supply of electric power and
energy in order to give effect to the provisions hereof.
“SEC. 15. Laws Governing Relations of
Corporation with Electric Cooperatives. – Nothing in this Act, shall, directly or
indirectly, alter, modify, or repeal the provisions of Republic Act Numbered
Six thousand thirty-eight, particularly in respect of the rights of electric
cooperatives registered under the same Act.
In its contracts and relations with such cooperatives, the
Corporation shall be governed by the provisions of the said Act and the
specific legislative franchise of such cooperatives.
“SEC. 16. Non-impairment of Collective Bargaining
Agreements and Rights of Labor Unions. –
Nothing in this Act shall be construed to impair existing collective bargaining
agreements with the labor unions in the
Corporation
or the right of employees to organize and bargain collectively or diminish the
rights of labor in the
Corporation
under the Industrial Peace Act or other labor laws.”
“SEC. 17. Separability Clause. – The provisions of this Act are hereby
declared to be separable, and in the event any one or more of such provisions
are held unconstitutional, they shall not affect the validity of other
provisions.
“SEC. 18. Repealing Clause. – All laws, executive and administrative
orders, or parts thereof, inconsistent with any provision of this Act are
hereby repealed or modified accordingly.”
SEC. 2.
Effective Date. – This Act
shall take effect upon its approval.
Approved, September 10, 1971
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