Letter of Instructions No. 1203
The Minister of the Budget
The Treasurer of the Philippines
The Chairman, National Irrigation Administration
The National Irrigation Administration has reported that the Magat Dam and
Appurtenant Facilities can be finished by the end of this year if additional
budgetary support is given to cover the peso funding shortfall. Since the
project would have a significant impact on the country's irrigation and energy
programs, an additional budgetary release of P 400,000,000 to the
National
Irrigation Administration (NIA) is required to ensure that this project proceeds
on schedule. Therefore, the Treasurer of the Philippines is hereby directed to
release to NIA out of the Special Fund created under Section 8 (j) of
R.A. 6173
as amended, the amount of P 400,000,000.
The NIA is also directed to submit to the President of the Philippines through
the Minister of Energy a report accounting for the disbursement and use of the
foregoing amount.
This Letter of Instruction takes effect immediately.
Done in the City of Manila, this 1st day of March in the year of Our Lord, nineteen hundred and eighty-two.
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