Abolition of the Fertilizer Industry Authority.
Section 2
SEC. 2. Abolition of the Fertilizer Industry Authority. - The Fertilizer Industry Authority created under Presidential Decree 135, dated 22 February 1973, as amended by Presidential Decree 517 and 669, dated 19 July 1974 and 11 March 1975 respectively, is hereby abolished. The FPA shall assume such appropriations, assets and liabilities and hire such personnel of the FIA as may be determined by its Board of Directors; Provided, that such assumption is made within sixty (60) days from the effectivity of this decree.