AMENDING THE PROVISIONS OF THE SPECIAL CALAMITY FUND ACT OF NINETEEN SEVENTY-TWO, APPROPRIATING THREE HUNDRED MILLION PESOS (P300-M) FOR EXPENDITURES OCCASIONED BY TYPHOONS, RAINS AND FLOODS IN THE MONTHS OF JUNE AND JULY, NINETEEN SEVENTY-TWO AND FOR OTHER PURPOSES

• Number: Presidential Decree No. 319
• Sections: 3

Preamble

WHEREAS, the present provisions of the Special Calamity Fund

Act of 1972 specifically provide, under Section 1 thereof, that "no

funds herein appropriated shall be expended beyond March 31, 19 73; any

unexpended balance alter March 31, 1973, whether obligated or not, shall

automatically revert to the General Fund, except those for ongoing

projects started before March 31, 1,973, disbursements for which may be

authorized until but not beyond June 30, 1973";

WHEREAS, there are outstanding obligations for materials

used and services rendered in ongoing calamity projects started before

March 31, 1973, which had not been paid on or before June 30, 1973;

WHEREAS, most of these unpaid materials had been purchased

through the linkage agreement with the Development Bank of the

Philippines; and

WHEREAS, these obligations cannot be settled unless the

present provisions of the Special Calamity Fund Act is amended to

authorize disbursements for these obligations beyond June 30, 1973;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers in me vested by the Constitution as

Commander-in-Chief of all the Armed Forces of the Philippines, and

pursuant to Proclamation No. 1081, dated September 21, 1972, and General

Order No. 1, dated September 22, 1972, as amended, do hereby promulgate

this Decree as part of the law of the land:

Section 1

SECTION 1. The provisions of Section 1 of the Special

Calamity Fund Act of 1972 is hereby amended to authorize payment of

obligations for materials used and services rendered in calamity

projects from the unexpended balances of the Calamity Fund appropriated

and released according to said Act beyond June 30, 1973.

Section 2

SEC. 2. This Decree shall take effect immediately.

Done in the City of Manila, this 23rd day of October, in the year

of Our Lord, nineteen hundred and seventy-three.

(Sgd.) FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.) ROBERTO V. REYES

Assistant Executive Secretary