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Administrative Order No. 75
ADMINISTRATIVE ORDER NO. 75 DIRECTING THE TRANSFER AND ATTACHMENT OF THE BAGONG KILUSANG KABUHAYAN AT KAUNLARAN (BKKK) SECRETARIAT TO THE LAND BANK OF THE PHILIPPINES, INCLUDING ALL ITS APPLICABLE AND EXISTING FUNDS, PERSONNEL, PROPERTIES, EQUIPMENT AND RECORDS, IN ACCORDANCE WITH SECTION 37 OF REPUBLIC ACT NO. 6657 (1988)
Section 1. The transfer of the Bagong Kilusang Kabuhayan at Kaunlaran (BKKK) Secretariat to the Land Bank of the Philippines pursuant to Section 37 of Republic Act No. 6657 (1988) shall include the transfer of the BKKK Secretariat’s funds, functions, personnel, properties, equipment, records, including the BKKK Capital Fund/National Livelihood Support Fund.
Section 2. (a) The Land Bank of the Philippines shall exercise supervision over the BKKK Secretariat and the BKKK Capital Fund/National Livelihood Support Fund through an Executive Committee composed of the following: President, Land Bank of the Philippines – Chairman Executive Vice-President for Agrarian Operations, Land Bank of the Philippines – Member Vice-President, Land Bank of the Philippines – Member Executive Director V, BKKK Secretariat – Member A Representative of the Department of Agrarian Reform – Member (b) In the exercise of this power of supervision, the Executive Committee shall formulate policies, programs, activities relative to the BKKK Capital Fund/National Livelihood Support Fund. It may, likewise, promulgate such rules and regulations as may be necessary for the effective exercise of its powers and the proper implementation of this Administrative Order, including rules of procedure in the utilization and disposition of the BKKK Capital Fund/National Livelihood Support Fund.
Section 3. The Land Bank of the Philippines and the BKKK Secretariat are hereby directed to plan, organize and implement the effective and immediate transfer mandated by Section 37 of Republic Act No. 6657 (1988) and reiterated in Section 1 of this Administrative Order.
Section 4. All executive issuances or portions thereof inconsistent with the provisions of this Administrative Order are hereby amended, modified or repealed accordingly.
Section 5. This Administrative Order shall take effect immediately. DONE in the City of Manila, this 6 th day of August, in the year of Our Lord, Nineteen Hundred and Ninety-Three. (Sgd.) FIDEL V. RAMOS President of the Philippines By the President: (Sgd.) TEOFISTO T. GUINGONA, JR. Executive Secretary