SECTION 1
SECTION 1. The Management Committee of the NLSF is hereby directed to provide livelihood projects with financing options to the qualified individuals relocated in the HUDCC resettlement areas at prevailing market rates per annum;
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Administrative Order No. 209
Administrative Order No. 209
ADMINISTRATIVE ORDER NO. 209 DIRECTING THE ALLOCATION OF FUNDS FROM THE NATIONAL LIVELIHOOD SUPPORT FUND (NLSF) TO FINANCE THE LIVELIHOOD PROGRAMS OF RESETTLED FAMILIES
SECTION 2
SECTION 2. The Management Committee of NLSF is further directed to exclusively allocate the entire amount of PHILIPPINE PESOS: ONE HUNDRED FIFTY MILLION (PhP 150,000,000.00) to be sourced from the accumulated earnings of the Fund to realize the intention of this Administrative Order;
SECTION 3
SECTION 3. That the Executive Director of the NLSF and the Secretary General of HUDCC are hereby directed to jointly formulate the guidelines, rules and regulations to implement the provisions hereof within sixty (60) days from the issuance of this Order;
SECTION 4
SECTION 4. All executive issuances or portions thereof inconsistent with the provisions of this Administrative Order are hereby amended, modified or revoked accordingly;
SECTION 5
This Order takes effect immediately
SECTION 5. This Order takes effect immediately. Done at Malacanang, Manila, this 12th day of October in the Year of the Lord, Two Thousand Seven. (Sgd.) GLORIA M. ARROYO By the President: (Sgd.) EDUARDO R. ERMITA Executive Secretary