Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Performance of District Powers.
SEC. 17. Performance of District Powers. — All powers, privileges, and duties of the district shall be exercised and performed by and through the board: Provided, however, That any executive, administrative or ministerial power shall be delegated and redelegated by the board to officers or agents designated for such purpose by the board.
Functions Limited to Policy-Making.
SEC. 18. Functions Limited to Policy-Making. — The function of the board shall be to establish policy. The board shall not engage in the detailed management of the district.
By-Laws.
SEC. 19. By-Laws. — At its first meeting, the board shall adopt, and may thereafter from time to time amend by-laws for the operation of business and affairs of the board and the district. By-laws may not be amended without 30 days public notice to that effect, and a public hearing held.
System of Business Administration.
SEC. 20. System of Business Administration. — The board shall, as soon as practicable, prescribe and define by resolution a system of business administration and accounting for the district, which shall be patterned upon and conform to the standards established by the Administration. Auditing shall be performed by a certified public accountant not in the government office.
Depository.
SEC. 21. Depository. — The district's depository shall be the Philippine National Bank, unless use of such bank is impractical: Provided, however, That any and all reserves accumulated for capital improvements may be deposited with the Administration.
Contracts.
SEC. 22. Contracts. — All contracts of the district shall be entered into by or pursuant to authority of the board: Provided, however, That the board may by resolution delegate and redelegate to officers or agents of the district, under such conditions and restrictions as shall be affixed by the board, the power to bind the district by contract.
Provisions on this page are reproduced verbatim from official open data. See the attribution line.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).