83 OG No. 28, 3220-A Supp. (July 13, 1987)
"SEC. 3. Board of Directors. - The powers and functions of the Authority shall be vested in an exercised by the Board of Directors composed of the Secretary of Transportation and Communications as Chairman; the Secretary of Finance, the Secretary of Economic Planning, the Secretary of Public Works and Highways, the Secretary of Budget and Management, the Chairman of the Land Transportation Franchising and Regulatory Board, the Governor of the Metropolitan Manila Commission and the Administrator of the Authority, as ex-officio members; and one (1) representative from the private sector to be appointed by the President. The appointed director shall serve for a term of two (2) years.SEC. 2. Effectivity. - This Executive Order shall take effect immediately.
The officials next in rank to, or such officials duly designated by the regular members shall serve as alternate members, except that, in the absence of the Chairman, the Board shall elect a temporary presiding officer. The alternate members shall attend meetings of the Board and committees assigned to them by their principals and receive the corresponding per diem, whenever their principals are absent or said positions are vacant.
The Chairman and each Member of the Board shall receive a monthly commutable representation allowance of One Thousand (P1,000.00) Pesos and a per diem of Two Hundred (P200.00) Pesos for every meeting of the Board actually attended: Provided, That the total amount of per diem which each may receive shall not exceed One Thousand (P1,000.00) Pesos a month.