WHEREAS, Republic Act No. 5207 entitled "The Atomic Energy
Regulatory and Liability Act of 1968" was enacted to encourage, promote and
assist the development and use of atomic energy for all peaceful purposes as a
means to improve the health and prosperity of the inhabitants of the
Philippines, contribute to the general welfare and accelerate scientific,
technological, agricultural, commercial and industrial progress;WHEREAS, the Government has entered into agreements for the
installation, construction, development, maintenance and use of nuclear power
plants in the Philippines to generate electric power to promote the
above-enumerated objectives of the Atomic Energy Regulatory and Liability Act of
1968;
WHEREAS, the aforesaid agreements have brought to light the
need for amending certain provisions of the said Act in order to further
facilitate and encourage the wider use and application of atomic energy for
peaceful purposes in the Philippines and as well as to attract local and
international nuclear suppliers to invest and cooperate in the installation,
construction, maintenance and use of nuclear power projects in the country;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution, do hereby
decree and order as part of the law of the land the following: