Section 2, Only projects duly approved by the President shall receive assistance from the Funds. However, the Officer-in-Charge of the Funds may approve requests for assistance from the Funds of up to Five Million Pesos (5,000,000.00). When the President has given handwritten instruction or approval on the release of funds, regardless of amount, but without signing the same, the Officer-in-Charge of the Funds may sign’ by Authority of the President.’ "All other presidential issuances, guidelines, rules and regulations, or parts thereof which are contrary or inconsistent with the provisions of this Memorandum Order are hereby repealed or modified accordingly. This Memorandum Order shall take effect immediately. City of Manila, October 27, 2003.
(Sgd) GLORIA MACAPAGAL-ARROYO By the President:
(Sgd.) ALBERTO G. ROMULO
Executive Secretary