Use of Savings.
Section 11
SEC. 11. Use of Savings.—The President of the Philippines is authorized to use savings in the appropriations for the Ministries provided in this Act for the settlement of the following obligations and activities incurred during the current year: Payment of hazard duty pay and of retirement gratuity or separation pay of employees who are entitled thereto under existing law or are laid off as a result of the elimination of their positions under authorized procedures; Payment of the share of the National Government in the salaries of officials and employees in newly created and/or reclassified local government units where no appropriation has been provided in this Act or where the authorized appropriation is not sufficient to cover the salaries of the said officials and employees; Provision for social and economic opportunities and such other activities intended for the welfare of the cultural minorities as may be, undertaken by the Presidential Assistant on National Minorities; Organization, activation, training and operation of military units for the purpose of implementing agency development projects in areas adversely affected by peace and order problems, including salaries and allowances of all military personnel assigned thereto; Payment of obligations of the National Government or any of its Ministries or agencies arising from perfected and valid contracts or international agreements ; Purchase or repair of equipment and furniture, including motor vehicles, to replace those lost or destroyed through theft or robbery, accident, fire, typhoon and other natural calamities, and to replace unserviceable and condemned items; Expansion of essential facilities and services, including the opening of additional classes in elementary, secondary and vocational schools, as may be approved by the President; Funding of foreign exchange and peso requirements of foreign-assisted projects.