Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails.・Read the official text ↗
Appropriations.
SEC. 29. Appropriations.—The amount of Ten million pesos (P10,000,000.00) for the initial operation of the GCG shall be source from the Contingent Fund of the President. Subsequent funding requirements shall be included in the annual General Appropriations Act.
Suppletory Application of The Corporation Code and Charters of the GOCCs.
SEC. 30. Suppletory Application of The Corporation Code and Charters of the GOCCs.—The provisions of “The Corporation Code of the Philippines” and the provisions of the charters of the relevant GOCC, insofar as they are not inconsistent with the provisions of this Act, shall apply suppletorily to GOCCS.
Transitory Provision.
SEC. 31. Transitory Provision.—The Privatization Council and Privatization and Management Office created under Executive Order No. 323, Series of 2000, shall continue to implement and finish the privatization of GOCCs that have been identified by the said Privatization Council and approved for privatization by the President prior to the effectivity of this Act: Provided, however, That the privatization of said GOCCs hat remain unfinished at the end of every two (2) years after the effectivity of this Act shall be automatically transferred to the GCG which shall continue the privatization of the GOCCs.
Repealing Clause.
SEC. 32. Repealing Clause.—The charters of the GOCCs under existing laws and all other laws, executive orders including Executive Order No. 323, Series of 2000, administrative orders, rules, regulations, decrees and other issuances or parts thereof which are inconsistent with the provisions of this Act are hereby revoked, repealed or modified accordingly.
Separability Clause.
SEC. 33. Separability Clause.—Should any provision of this Act be declared unconstitutional, the same shall not affect the validity of the other provisions of this Act.
Effectivity.
SEC. 43. Effectivity.—This Act shall take effect after fifteen (15) days following its publication in the Official Gazette or in two newspapers of general circulation. Approved, (Sgd.) FELICIANO BELMONTE JR. (Sgd.) JUAN PONCE ENRILE Speaker of the House of Representatives President of the Senate This Act which is a consolidation of Senate Bill No. 2640 and House Bill No. 4067 was finally passed by the Senate and the House of Representatives on May 30, 2011 and May 31, 2011, respectively. (Sgd.) MARILYN B. BARUA-YAP (Sgd.) EMMA LIRIO-REYES Secretary General House of Representatives Secretary of the Senate Approved: JUNE 06, 2011 (Sgd.) BENIGNO SIMEON C. AQUINO III President of the Philippines
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Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).