The Electrification Administration.
Section 43
SEC. 43. The Electrification Administration.— Republic Act Numbered Twenty seven hundred seventeen is hereby repealed and the Electrification Administration created under it is hereby dissolved in the manner hereinafter provided: (a) The incumbent Administrator and two Deputy Administrators of the Electrification Administration shall continue to serve the balance of the unserved portion of their respective terms of office; (b) Any reference to the Electrification Administration in any existing law or in any executive order, administrative order or proclamation of the President shall, with respect to any duty or function assumed by the NEA created in this Act, be deemed hereafter to have reference to the NEA; (c) The properties, assets, rights, choses in action, obligations, liabilities, records and contracts of the Electrification Administration are hereby transferred to, and are vested in, and assumed by the NEA; (d) The personnel of the Electrification Administration who are occupying civil service positions shall be absorbed and transferred to the latter without demotion in rank nor reduction in salary: Provided, That those employees who shall be separated from the service and those not absorbed by the NEA shall be given by the said office at least one month gratuity for every year of service and, or other benefits In accordance with existing laws and regulations chargeable to the corresponding fund and, or any available fund under paragraph (a), section seven of this Act; and (e) All on-going projects and/or approved loans under the Electrification Administration shall be reviewed and, insofar as found to be economically feasible in accordance with sound management engineering and technological standards, shall be continued and completed on a priority basis: Provided, That steps shall be taken to place them on an area coverage basis.