Declaration of Policy.
Section 1
SECTION 1. Declaration of Policy.—It is hereby declared to be the policy of the Congress to foster the accelerated and balanced growth of the Province of Ilocos Sur, within the context of national plans and policies for social and economic development, through the leadership, guidance and support of the government. To achieve this end, it is recognized that a government corporation should be created for the purpose of drawing up the necessary plans for provincial development; providing leadership in the setting up of pioneering or ground-breaking industrial and agricultural enterprises; coordinating or integrating the diverse efforts of the various public and private entities directly engaged in implementing plans and projects affecting power, manufacturing, mining, transportation and communications, conservation, resettlement, education, extension work, health and other activities leading to the rapid socio-economic growth of the province; and extending or facilitating the extension of financial, management and technical support to worthwhile, industrial and commercial ventures within the province.