MEMORANDUM ORDER NO. 341, February 21, 1996
DIRECTING THE DEPARTMENT OF BUDGET AND MANAGEMENT TO FACILITATE THE RELEASE OF APPROPRIATIONS UNDER THE COMPREHENSIVE AND INTEGRATED SHELTER FINANCE ACT (RA 7835) TO THE NATIONA…
regularized the yearly appropriation of the major components of the
National Shelter Program and augmented the authorized capitalization of
the National Home Mortgage Finance Corporation and Home Insurance
Guarantee Corporation;
WHEREAS, Republic Act No. 7835
appropriated a total of P38.5 billion to the National Shelter Program
to be used for the implementation of its different program components
and recapitalization of the National Home Mortgage Finance Corporation
and Home Insurance Guarantee Corporation;
WHEREAS,
the sustainability of the National Shelter Program is dependent on the
availability and timely releases of funds to the implementing shelter
agencies;
NOW, THEREFORE, I, FIDEL V. RAMOS,
President of the Philippines, by virtue of the powers vested in me, do
hereby order the Department of Budget and Management to facilitate the
release of annual appropriations under the Comprehensive and Integrated
Shelter Finance Act to the shelter agencies.
This
Memorandum Order shall take effect
immediately.
Adopted: 21 Feb.
1996
FIDEL V.
RAMOS
President
By
the President:
(SGD.) RUBEN D.
TORRES
Executive Secretary