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SECTION 1
SECTION 1.
A Philippine Management Committee (PMC), headed by the joint chairmanship of the Chairman of the Philippine Sports Commission and the President of the League of Municipalities of the Philippines, co-chaired by a representative of the private sector, with a representative each from the Philippine Amusement and Gaming Corporation, Philippine Tourism Authority (PTA), Philippine Charity Sweepstakes Office (PCSO), Land Bank of the Philippines (LBP), Social Security System (SSS) and the Development Bank of the Philippines (DBP) as members, is hereby constituted to oversee and undertake all necessary preparations for the staging on August 24-27, 2000 of the 3
rd
Leg of the 2000 WWV Grand Prix.
SEC. 2
SEC. 2.
All concerned departments, agencies and offices of the government, including government owned and controlled corporations, are enjoined to extend their support and resources for the successful staging of the 2000 WWV Grand Prix.
SEC. 3
SEC. 3.
The amount necessary for this event, including the operations of the PMC, its secretariat and working groups, shall come from donations, grants, contributions, proceeds from tournament related activities, and from any form of assistance from private or government entities.
SEC. 4
SEC. 4.
The PTA is authorized to source funds from its trust liability account, pursuant to Section 3 of Executive Order No. 46 dated September 4, 1986, to cover the hosting fee to be incurred by the PMC and the contribution to the prize money.
SEC. 5
SEC. 5.
The PMC is authorized to pay honoraria to those who will be involved with this event, subject to existing accounting and auditing rules and regulations.
SEC. 6
This Administrative Order shall take effect immediately
SEC. 6.
This Administrative Order shall take effect immediately.
DONE
in the City of Manila, this 13
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