AMENDING EXECUTIVE ORDER NO. 149

WHEREAS, the Presidential Committee on Flagship Programs and Projects has
been created to orchestrate the identification, prioritization and implementation
of flagship programs and projects of the government;

WHEREAS, the Economic Support Fund (ESF) Secretariat, which was established
as an implementing agency for ESF funded projects, is now winding up its
operations following the closure of the US bases in the country; and

WHEREAS, the ESF Secretariat has remaining assets which can be put to good
use by the Presidential Committee on Flagship Programs and Projects;

NOW, THEREFORE, I, FIDEL
V. RAMOS, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order:

Section 1. The transfer of the Economic Support Fund (ESF) Secretariat from
the Office of the President to the Department of Public Works and Highways
pursuant to Executive Order No. 149 dated 28 December 1993, is hereby deferred.
Instead, the Office of the President, through the Presidential Committee on
Flagship Programs and Projects shall oversee the abolition of the ESF
Secretariat pursuant to the provisions of Executive Order No. 149.

Section 2. Pending the eventual abolition of ESF Secretariat, its functions,
appropriations, other properties, choses in action, and assets and liabilities
as well as personnel are hereby transferred to the Presidential Committee on
Flagship Programs and Projects.

Section 3. All executive rules, regulations and other issuances or parts
thereof which are inconsistent with the provisions of this Executive Order are
hereby revoked or modified accordingly.

Section 4. This Executive Order shall take effect fifteen (15) days after the
completion of its publication in at least one (1) national newspaper of general
circulation.

DONE in the City of Manila, this 3rd day of February in the
year of Our Lord, Nineteen Hundred and Ninety-Four.

(Sgd.) FIDEL
V. RAMOS
President of the Philippines

By the President

(Sgd.) TEOFISTO T. GUINGONA, JR.
Executive Secretary

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