Section 1. —The PCSO is hereby directed to set aside the amount of P420,585,000.00, corresponding to fifty percent (50%) of the remainder of the standby fund under Section 4 of EO No. 201. to cover the financial requirements for the treatment, containment, prevention and management of COVID-19 cases in the country. The other 50% shall continue to cover the funding necessary to respond to future cases of SARS in the Philippines.
The IATF-MEID. through the DOH. shall coordinate with the PCSO relative to the release of the abovementioned funds, subject to applicable budgeting, accounting and auditing Saws, rules and regulations.