Presidential Decree No. 706 (PD 706) — Appropriating Funds for the Reclamation of the Dagat-Dagatan Lagoon in the Province of Rizal.
WHEREAS, the Government in pursuance of its efforts to solve
the housing and resettlement problems of the country, is committed to
undertake the establishment of a harmonious, comprehensive, integrated
and healthy living-community through the reclamation of a 315-hectare
portion of the Dagat-Dagatan Lagoon, Province of Rizal;
WHEREAS, the area to be reclaimed is intended not only as a
site for a low-cost housing project but also for the establishment of an
industrial zone that will give job opportunities to the residents
thereof; and
WHEREAS, there is an immediate need to start the reclamation
so as to enable the Government to construct low-cost housing in the
Dagat-Dagatan area in the early part of 1976 in accordance with the
project development plan;
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 the appropriation of funds as follows:
SECTION 1. The amount of One Hundred Twenty Million Pesos
(P120,000,000.00), or so much thereof as may be necessary, is hereby
appropriated out of the general fund in the National Treasury not
otherwise appropriated for the reclamation of the Dagat-Dagatan project
in the Province of Rizal in connection with the establishment of a
harmonious, comprehensive, integrated and healthy living community in
the area.
SEC. 2. The appropriation herein authorized shall be
understood to cover the cost of acquisition of construction equipment
including motor vehicles.
SEC. 3. This Decree shall take effect immediately.
Done in the City of Manila, this 19th day of May, in the year of Our
Lord, nineteen hundred and seventy-five.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
ALEJANDRO MELCHOR
Executive Secretary
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
