APPROPRIATING FUNDS FOR PUBLIC WORKS INVOLVING REHABILITATION AND CAPITAL DEVELOPMENT, SYNCHRONIZING THE SAME WITH PREVIOUS PUBLIC WORKS APPROPRIATIONS.

WHEREAS, the rehabilitation and reconstruction of damaged
infrastructure facilities due to the recent calamities is a primordial duty of
the Government, to bring about normality in the economic and social activities
of the people;

WHEREAS, in addition to rehabilitation and reconstruction,
development efforts must be carried on with even greater effect, to avoid
economic stagnation;

WHEREAS, the implementation of the rehabilitation and
reconstruction and the undertaking of other development projects would require
the availment of financial assistance preferred by international lending
institutions and other governments;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of the Armed Forces of the Philippines, and pursuant to
Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated
September 22, 1972, as amended, and for sustained development of the economy, do
hereby issue this Decree.

For this purpose, the attached appropriations measure is hereby adopted and
decreed as part of the law of the land.

Done in the City of Manila, this 26th day of September, in the year of Our
Lord, nineteen hundred and seventy-two.

(Sgd.) FERDINAND E. MARCOS President Republic of the Philippines

^[*] Amended by Presidential Decree No.
47.