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Executive Order No. 75 (1999)
E.O. 238 dated July 22, 1987 directed that the Bagong Kilusang Kabuhayan sa Kaunlaran (BKKK) Capital Fund and its earnings be utilized for the promotion, generation and development of livelihood opportunities;
Section 1. The BKKK Capital Fund/National Livelihood Support Fund as transformed into an Effective Response to Alleviate Poverty (ERAP) Trust Fund, otherwise known as ERAP Trust Fund, shall remain under the supervision of the Land Bank of the Philippines.
Section 2. A Management Committee is hereby organized as the policy making body through which Land Bank of the Philippines shall exercise its supervision over the Fund and the Secretariat, composed of the following:
1 President, Land Bank of the Philippines — Chairman
2 Executive Director, NLSF Secretariat — Vice Chairman
3 Representatives from:
Office of the President — Member
Department of Agrarian Reform — Member
Department of Agriculture — Member
Department of Interior and Local Government — Member
Peoples Credit and Finance Corporation — Member
Farmers Organizations — Member
Labor Sector — Member
Section 3. The National Livelihood Support Fund Secretariat is hereby reorganized to serve as the ERAP Trust Fund Secretariat and realigned into a livelihood and enterprise development, generation and promotion agency of the government. The Executive Director shall appoint Secretariat personnel based on the DBM approved organizational structure and staffing pattern, provided, that those who may not be absorbed shall be entitled to separation benefits equivalent to two (2) months latest salary received for every year of government service.
Section 4. The NLSF Secretariat is directed to establish a resource development instrumentality for policy development and capability building of its partners and beneficiaries.
Section 5. The President of the Land Bank of the Philippines and the Executive Director of the NLSF Secretariat are hereby directed to formulate and issue the implementing guidelines of this Executive Order.
Section 6. The NLSF Secretariat shall submit annual reports to the Office of the President.
Section 7. All executive issuances, orders, rules and regulations inconsistent with this Executive Order are hereby revoked, amended or modified accordingly.
Section 8. This Order takes effect immediately.
DONE in the City of Manila, this 19th —day of February in the year of Our Lord, Nineteen Hundred and Ninety-Nine.
(SGD.) JOSEPH EJERCITO ESTRADA President of the Philippines
By the President:
(SGD.)— RONALDO B. ZAMORA
Executive Secretary