Charter.
SEC. 48. Charter. — There is hereby
chartered, created and formed a national agency to be known as the
"Local Water Utilities Administration" which is hereby attached to the
National Economic and Development Authority (NEDA). The provisions of
this Title shall be and constitute the charter of the Administration.
Purposes.
SEC. 49. Purposes. — The purposes for which
the Administration is created are: (1) to establish minimum standards
and regulations in order to assure acceptable standards of construction
materials and supplies, maintenance, operation, personnel, training,
accounting and fiscal practices for local water utilities; (2) to
furnish technical assistance and personnel training programs for local
water utilities; (3) to monitor and evaluate local water standards; (4)
to effect system integration, joint investment and operations, district
annexation and deannexation whenever economically warranted; and (5) to
provide a specialized lending institution with peculiar expertise in the
financing of local water utilities.