RA 12024 Section 16

Multi-Year Contracts.

Section 16

SEC. 16. Multi-Year Contracts. - Notwithstanding existing laws to the contrary, and subject to Section 15 of this Act, the DND and its bureaus shall be authorized to enter into multi-year contracts for the purpose of acquiring materiel: Provided, That corresponding appropriation for the ensuing fiscal years shall be included in the annual General Appropriations Act (GAA) upon the issuance of a multi-year obligation authority by the DBM: Provided, further, That the guidelines to ensure that contracts are consistent with the Revised AFP Modernization Program and this Act: Provided, finally, That the DND and its bureaus shall coordinate and conduct acquisition planning for the implementation of multi-year contracts.

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Other provisions in RA 12024

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

CitationRA 12024 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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