PD 550 Section 16

Remuneration of the President.

Section 16

SEC. 16. Remuneration of the President. — The salary of the President of the Corporation shall be fixed by the Board with the approval of the President of the Philippines. Until such salary has been so fixed, the President of the Corporation shall receive a salary of Sixty thousand pesos (P60,000) per annum. The Board may authorized payment of allowances and other emoluments to the President of the Corporation.

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Other provisions in PD 550

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 550 Section 16 (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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