The Investment Promotion Office (IPO).
SEC. 22. The Investment Promotion Office (IPO). - The organizational structure and staffing complement of the IPO shall be determined by the DOE Secretary in consultation with the Department of Budget and Management and in accordance with existing civil service rules and regulations. The budgetary requirements necessary for the expansion of the IPO shall be taken from the current appropriations of DOE. Thereafter, the funding for the IPO shall be included in the annual General Appropriations Act.
In addition to its existing functions, the IPO is hereby mandated to:
(a) Fulfill its duties as the Secretariat of the EVOSS Steering Committee;
(b) Develop and implement the EVOSS in accordance with the provisions of this Act and as instructed by the EVOSS Steering Committee; and
(c) Perform other functions that may be necessary for the effective implementation of this Act.
Appropriations.
SEC. 23. Appropriations. - The amount of One hundred million pesos (P100,000,000.00) for the initial implementation of this Act shall be charged against the current year's appropriations of the DOE and thereafter, such amounts as may be necessary to carry out the provisions of this Act shall be included in the annual General Appropriations Act.
Oversight Committee.
SEC. 24. Oversight Committee. - Upon the effectivity of this Act, the JCPC created under Republic Act No. 9136, otherwise known as the "Electric Power Industry Reform Act of 2001" shall exercise oversight powers over the implementation of this Act.
Reportorial Requirements.
SEC. 25. Reportorial Requirements. - The EVOSS Steering Committee shall take the necessary measures to ensure that the provisions of this Act are properly implemented and should submit annual reports on the program implementation and fund utilization to the JCPC.
Evaluation.
SEC. 26. Evaluation. - Upon the recommendation of the EVOSS Steering Committee, or within five (5) years after the effectivity of this Act, the JCPC shall conduct a systematic evaluation of the accomplishments and impact of this Act for purposes of determining remedial legislation.
Implementing Rules and Regulations.
SEC. 27. Implementing Rules and Regulations. - The DOE shall in consultation with the relevant government agencies and industry stakeholders, promulgate the implementing rules and regulations of this Act within sixty (60) days from its effectivity.
Separability Clause.
SEC. 28. Separability Clause. - If for any reason, any provision of this Act is declared unconstitutional or invalid, the other parts or provisions hereof which are not affected thereby shall continue to be in full force and effect.
Repealing Clause.
SEC. 29. Repealing Clause. - All laws, decrees, orders, rules and regulations or parts thereof which are inconsistent with or contrary to the provisions pf this Act are hereby repealed, amended or modified accordingly.
Effectivity.
SEC. 30. Effectivity. - This Act shall take effect fifteen (15) days after its publication in the Official Gazette or in a newspaper of general circulation.
Approved,
(SGD.) GLORIA MACAPAGAL-ARROYO
Speaker of the House of Representatives
(SGD.) VICENTE C. SOTTO III
President of the Senate
This Act which is a consolidation of Senate Bill No. 1439 and House Bill No. 8417 was passed by the Senate and the House of Representatives on December 13, 2018 and January 14, 2019, respectively..
(SGD.) DANTE ROBERTO P. MALING
Acting Secretary General House of Representatives
(SGD.) MYRA MARIE D. VILLARICA
Secretary of the Senate
Approved: MAR 08 2019
(SGD.) RODRIGO ROA DUTERTE
President of the Philippines
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
