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[ PRESIDENTIAL DECREE NO. 518, July 22, 1974 ]

AMENDING THE PROVISIONS OF SECTION 6 (d) PERTAINING TO THE DISCRETIONARY FUND, PRESIDENTIAL DECREE NO. 17, AS AMENDED BY PRESIDENTIAL DECREES NOS. 130 and 320.

I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all 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, do hereby order and decree:

SECTION 1. The provisions of Section 6, subparagraph (d) of Presidential Decree No. 17, as amended by Section 2, Presidential Decree No. 320, is hereby further amended to read as follows:

"(d) Discretionary Fund. — Ten per centum of the Highway Special Fund shall be allotted to the Discretionary Fund under the control of the Secretary of Public Highways to be used: first, to augment any deficiency in the allotment for the administrative expenses; for payment of gratuity benefits and the money value of accrued leaves; for payment of compensation benefits to employees who become sick and/or injured in the course of employment; second, to increase other allotment; provided for in this Act; third, for the construction of emergency landing fields. All unexpended portion of this fund shall be carried over to the next fiscal year for the same purpose."

SEC. 2. This Decree shall take effect immediately.

Done in the City of Manila, this 22nd day of July, in the year of Our Lord, nineteen hundred and seventy-four.

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

 

 By authority of the President:  
     

(Sgd.)
  ALEJANDRO MELCHOR  


  Executive Secretary  
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