SECTION 1
Section 5 of Administrative Order No
SECTION 1. Section 5 of Administrative Order No. 7 is hereby amended to read as follows:
“Section 5. The Department of Budget and Management is hereby directed to release the amount of ONE MILLION PESOS (P1,000,000.00) for the initial financial and operational requirements of the PCAC-Cabinet Level Committee and the PCAC-Technical Board for Functional Cooperation to be charged against the Contingent Fund under Executive Order No. 87. Thereafter, such amount as may be deemed necessary for the annual operation of the PCAC-Cabinet Level Committee and the PCAC-Technical Board for Functional Cooperation shall be incorporated in the annual appropriation of the Department of Foreign Affairs.”
SECTION 2
SECTION 2. The Central Bank is hereby directed to provide the necessary financial support required for the operations of the Philippine Council on Asean Cooperation-Technical Board (PCAC-TB) for Economic Cooperation as has previously been provided for the Committee on Asean Economic Cooperation-Technical Board (CAEC-TB) under Letter of Instruction No. 470 dated October 4, 1976.
SECTION 3
This Administrative Order shall take effect immediately
SECTION 3. This Administrative Order shall take effect immediately.
Done in the City of Manila, this 7th day of October in the year of Our Lord, nineteen hundred and eighty-seven.
(Sgd.)
CORAZON C. AQUINO
President of the Philippines
By the President:
(Sgd.)
CATALINO MACARAIG, JR.
Acting Executive Secretary