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PD 1005 Section 2

PD 1005 Section 2

Section 2

SECTION 2. The Secretary of Finance, the Secretary of Public Works, Transportation and Communications and the Secretary of Public Highways are hereby authorized to promulgate and issue implementing rules for the orderly liquidation and turn-over to the Government of any existing contract already entered into between the government and private contractors for public works projects undertaken in accordance with Republic Act Numbered Three Thousand Seven Hundred and Forty-One, together with reasonable compensation schedules for such derived from tolls and fees as the Contractor shall be entitled for the return of his capital plus interest; Provided, That pending the liquidation and turn-over, the contractor shall continue to collect reasonable tolls or fees for the use of bridges, highways or roads. DONE in the City of Manila, this 22nd day of September, in the year of Our Lord, Nineteen Hundred and Seventy-Six. (Sgd.) FERDINAND E. MARCOS President of the Philippines By the President: (Sgd.) JUAN C. TUVERA Presidential Executive Assistant

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Other provisions in PD 1005

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1005 Section 2 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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