AUTHORIZING THE CONTINUANCE OF THE SYSTEM OF REVIEW BY THE PRESIDENT OF CONTRACTS, FRANCHISES, PERMITS AND OTHER FORMS OF PRIVILEGES GRANTED BY THE STATE, ESTABLISHED UNDER PRESIDENTIAL DECREE NO. 1677-A DATED FEBRUARY 19, 1980.

• Number: Presidential Decree No. 1810
• Sections: 5

Preamble

WHEREAS, pursuant to Section 12 of Article XVII of the 1973

Constitution, as amended, and other pertinent provisions of the said

Constitution, Presidential Decree No. 1677-A was promulgated on February 19,

1980, to provide for a system of review of all contracts, concessions, permits

or other forms of privilege for the exploration, development, exploitation or

utilization of natural resources; all franchises for public utilities; foreign

exchange borrowings converted into pesos, otherwise known as Central Bank

rediscounting arrangements; titles to land; and other forms of contract entered

into by the government or any of its subdivisions, agencies or

instrumentalities, including government-owned or controlled corporations;

WHEREAS, it is proper and necessary that the system of

review by the President of contracts, franchises, permits and other forms of

state grant, as prescribed under Presidential Decree No. 1677-A, dated February

19, 1980, be continued;

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

SECTION 1. The President of the Philippines shall continue

to exercise, as provided in Section 1 of Presidential Decree No. 1677-A, the

power to review all contracts, concessions, permits and other forms of privilege

for the exploration, development, exploitation or utilization of natural

resources; all franchises for public utilities; foreign exchange borrowings

converted into pesos, otherwise known as swaps; Central Bank rediscounting

arrangements; titles to land; construction and architectural design contracts;

and other forms of contract entered into by the government or any of its

subdivisions, agencies or instrumentalities, including government-owned or

controlled corporations.

Section 2

SEC. 2. All the provisions of Section 2 of Presidential

Decree No. 1677-A shall continue in full force and effect until modified or

repealed by the President.

Section 3

SEC. 3. All laws, decrees, orders, rules and regulations

which are in conflict or inconsistent with the provisions of this decree are

hereby repealed or modified accordingly.

Section 4

SEC. 4. This decree shall take effect immediately.

Done in the City of Manila, this 16th day of January, in the year of Our

Lord, nineteen hundred and eighty-one.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Executive

Assistant

Vol. 25, Vital Documents, Presidential Decree 1980-1981