Presidential Decree No. 1209 (PD 1209) — Creating an Agricultural and Rural Development Scholarship Fund and for Other Purposes.
WHEREAS, one of the program thrusts of the New Society is to
embark on a nationwide agricultural and rural development;
WHEREAS, to enhance achievement of these developmental
goals, there is a need to train deserving but needy students particularly from
the least developed regions of the country, who will become implementors
thereof;
WHEREAS, in order to achieve the desired training of
qualified students, there is a necessity of creating an agricultural and rural
development scholarship fund to be administtered by the U.P. at Los Baños which
will offer scholarship in agricultural research, forestry and allied
sciences;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution, do hereby
order and decree:
SECTION 1. There is hereby established at the University of
the Philippines at Los Baños an "Agricultural and Rural Development Scholarship
Fund" to support a selected number of qualified and deserving students from the
rural and farming sector of the country.
SEC. 2. The sum of Five Million Pesos is hereby appropriated
out of any funds in the National Treasury annually for a period of ten years
beginning Fiscal Year 1978 to constitute the Agricultural and Rural Development
Scholarship Fund at the U.P. at Los Baños. The fund shall be a Special Trust
Fund to be deposited or invested and the earnings thereof, but not the capital,
to be utilized exclusively for the purpose of this Decree.
SEC. 3. This Decree shall take effect immediately.
Done in the City of Manila, this 10th day of October, in the year of Our
Lord, nineteen hundred and seventy-seven.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JACOBO C. CLAVE
Presidential Executive
Assistant
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
