WHEREAS, there was created under Section 7 (J) of Republic Act No. 6173 as amended, a Special Fund to "be utilized for projects relating to the consumption or use of crude oil, gas, and other petroleum products; for the development of other sources of energy; for exploration and researches on conservation, anti-pollution and other similar studies; to subsidize importation of crude oil and refined petroleum products by government agencies, or government owned or controlled corporations, to assure adequate and continuous supply of petroleum products at reasonable prices; and such other special economic and social projects as may be determined by the President of the Philippines:" WHEREAS, it is necessary to assure that said special fund and any unexpended balances thereof or accruals thereto, does not revert and/or is transferred to the general fund or otherwise abolished by operation of law, but continue to be available for the high priority projects and purposes for which it was created;
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 the following as part of the law of the land: