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RA 2699 Section 1

RA 2699 Section 1

Section 1

SECTION 1. Section four of Reorganization Plan Numbered Ten is hereby amended to read as follows: "SEC. 4. The Council shall be composed of fourteen members as follows: "(a) A full-time Chairman with cabinet rank to be appointed by the President with the consent of the Commission on Appointments; "(b) Chairman of the National Development Authority, as Vice-Chairman of the Council; "(c) Secretary of Commerce and Industry; "(d) Three ex-officio members to be designated by the Speaker of the House of Representatives from the membership of the House, two belonging to the majority party and one to the minority party; "(e) Three ex-officio members to be designated by the resident of the Senate from the membership of the Senate, two belonging to the majority party and one to the minority party; "(f) Governor of the Central Bank; "(g) Chairman of the Development Bank of the Philippines; and "(h) Three other members to be appointed by the President with the consent of the Commission on Appointments.

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Other provisions in RA 2699

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 2699 Section 1 (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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