Memorandum Order No. 1

SECTION 1. The PMS, acting through its head or its duly authorized representative is hereby designated as the Officer-in-Charge to oversee the management and administration of the PSF and other funds presently under the PMS. As such, the PMS Head or its duly authorized representative shall exercise the necessary powers for the efficient operation of the PSF, including the authority to: undertake the final review of all requests for assistance from the Funds and submit recommendations on the requests to the President; sign Memoranda of Agreement/Deeds of Donation covering projects and/or requests approved by the President for assistance from the PSF; receive remittances for the PSF and accept donations to the same; approve for revision of project specifications, project realignments, and utilization of savings and/or unused funds of projects assisted by the PSF; disburse vouchers to authorize payments for projects approved by the President for assistance; sign and release checks covering fund releases from the PSF; and, issue the appropriate guidelines to implement this Memorandum Order.

SECTION 2. All presidential issuances, guidelines, rules and regulations, or parts thereof which are contrary or inconsistent with the provisions of this Memorandum Order are hereby repealed and modified accordingly.

This Memorandum Order shall take effect immediately

SECTION 3. This Memorandum Order shall take effect immediately. Done in the City of Manila, 14th July, 2010.   (SGD.)BENIGNO S. AQUINO III     By the President:     (SGD.) PAQUITO N.  OCHOA, JR.   Executive Secretary