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Administrative Order No. 118

Administrative Order No. 118

ADMINISTRATIVE ORDER NO. 118 CREATING A TASK FORCE TO STUDY AND DETERMINE THE SETTLEMENT OF THE OBLIGATIONS OF THE NATIONAL GOVERNMENT TO SGS

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Section 1

Section 1. Organization – A Task Force is hereby constituted to address all issues regarding the settlement of the accounts payable of the NG to SGS.

Section 2

Section 2. Composition – The Task Force shall be composed of the following or their designated representatives: • Secretary, Department of Finance Chairman • Secretary, Department of Budget and Management Member • Secretary, Department of Trade and Industry Member • Commissioner, Bureau of Customs Member The Chairman, or a designated representative, of the Commission on Audit shall be invited by the Task Force to comment on the findings and recommendations of the Task Force.

Section 3

Section 3. Authority and Functions – The Task Force shall have the following authority and functions: 3.1 Review, validate and determine the outstanding obligations of the NG to SGS; 3.2 Formulate the appropriate ways and means to settle and dispose of the outstanding obligations of the NG to SGS;

Section 4

Section 4. Support Service – The Bureau of Customs shall provide the necessary staff for the Secretariat of, and the necessary equipment, facilities and support services to, the Task Force.

Section 5

Section 5. Effectivity – This Administrative Order shall take effect immediately. Done in the City of Manila, this 5 th day of May, in the year of Our Lord, two thousand. (Sgd.) JOSEPH EJERCITO ESTRADA President of the Philippines By the President: (Sgd.) RONALDO B. ZAMORA Executive Secretary