Section 50
SEC. 50. Administration and Use of Funds Allotted for Operating Expenses and Equity Investment in Government Corporation.—Funds herein appropriated for operating expense contributions and equity investments in government-owned or controlled corporations and other public corporate bodies which are included as separate programs under the Ministry to which the government corporation is attached, including those attached to the Office of the President, shall be under the administration of the Office of the Budget and Management. Said funds shall be directly released to the recipient corporation through the Bureau of the Treasury en the basis of a Work and Financial Plan prepared and submitted by the Corporation concerned, subject to Section 40 of P.D. No. 1177 and Letter of Implementation No. 29.