Section 25
SEC. 25. Three new sections to be known as Section 34- A, Section 34-B and Section 34-C are hereby inserted after Section 34 and before Section 35 which shall read as follows: "SECTION 34-A. Supervision by the NEDA. The Authority shall be directly under the NEDA for policy and program integration. "SECTION 34-B. Submission of Financial Statement to NEDA. The Authority shall submit audited financial statements to NEDA within 60 days after the close of the fiscal year, and it shall continue to operate on the basis of not more than the preceding year's budget until the said financial statements shall have been submitted. "SECTION 34-C. Management Audit by the NEDA. The NEDA, may, at its own instance, initiate a management audit of the Authority when there is a reasonable ground to believe that the affairs of the Authority have been mismanaged. Should such audit indicate mismanagement, the NEDA shall take such appropriate measures as may be required by circumstances."