Section 2
SEC. 2. Executive Committee for the Program. There is hereby created an Executive Committee, attached to the Department of Public Works, Transportation and Communications, which shall serve as the policy-making and governing body of the Program. The Executive Committee shall be composed of the Secretary of Public Works, Transportation and Communications as Chairman, and the Secretary of Economic Planning, the Secretary of Agriculture, the Secretary of Natural Resources, the Secretary of Energy, the Presidential Assistant on Economic and Development Affairs, the Administrator of the National Irrigation Administration, the General Manager of the National Power Corporation, the Commissioner of Region XII, and the Chairmen of the Regional Development Councils of Regions X and XI, as members. The Executive Committee, through its Chairman, shall exercise and discharge the following powers and functions: Formulate policies and guidelines related to the implementation and management of the Program; Oversee the coordination of the planning and implementation of the Program; Authorize the Program Director hereinafter referred to and/or the implementing departments or agencies to prepare feasibility studies for identified water and related resources development projects in the Cotabato and Agusan river basins. Arrange and/or negotiate with local and foreign financial institutions for the funding of identified water and related resources development projects; Review of the Program's consolidated plans, budgets and work programs; Call upon any department, bureau, office, instrumentality or any political subdivision of the Government for any assistance it may need in the performance of its functions; Exercise other inherent powers and policy-making functions.