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PD 414 Section 2

Section 2

SEC. 2. Section 3 of Presidential Decree No. 232, as amended, is hereby amended by deleting paragraph (j) and inserting in lieu thereof the following new paragraphs: "j. Determine the base price of the raw materials, on which to set the subsidy; "k. Review and revise when necessary the amount of the levy imposed: Provided, That when the price of copra equals the authorized base price, the collection of the levy shall be suspended automatically; "l. Establish a monitoring system to ascertain that a steady and adequate supply of the subsidized products is distributed at socialized prices; and to issue subpoena and subpoena duces tecum whenever required for effective monitoring and investigation as to compliance with its promulgations; "m. To recommend to the President of the Philippines the lifting, suspension or termination of the collection of the Fund, and the refund of such amounts of premium duty paid from February 17, 1974; "n. To enter into, make and execute contracts of any kind as may be necessary or incidental to the attainment of its purposes and, generally, to exercise all the powers necessary to achieve the purposes and objectives for which it is organized."

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Other provisions in PD 414

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 414 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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