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[ LETTER OF INSTRUCTION NO. 1227, April 12, 1982 ]
| TO: | The Minister of Energy The Minister of the Budget The Treasurer of the Philippines The Chairman, Philippine National Oil Company |
In a collaborative effort parallel to the development of the country's energy resources, the Philippine National Oil Company (PNOC) and its subsidiaries have established programs directed towards the control of energy-related environmental problems and the development of nonconventional energy resources.
Recognizing that investments in these programs, important as their role may be in our overall energy development scheme, can not be funded readily, we hareby direct the Treasurer of the Philippines to release PESOS EIGHTEEN MILLION AND SEVEN HUNDRED THOUSAND (P18,700,000,00) out of the Special Fund created pursuant to Section 8 of Presidential Decree 910 to fund the acquisition of micro-distillery unit and the 1982 operating and capital budgets of PNOC-Environmental Management Division and PNOC-Energy Research and Development Division.
PNOC is directed to submit to report accounting for the disbursements and utilization of the foregoing funds not later than one month after the end of the fiscal year.
This Letter of Instruction shall take effect immediately.
Done in the City of Manila, this 12th day of April, in the year of Our Lord, Nineteen Hundred and Eighty Two.
(Sgd.) FERDINAND E. MARCOS
President of the Philippines
President of the Philippines