Volume 13 Number 1 - University of the Philippines College of Law

452
National Administrative Register Volume 13/1
1. Coordinate the classification of GOCCs with the other Oversight Agencies according to
financial and sectoral groupings relative to the formulation of differential treatment of
GOCCs by Oversight Agencies;
2. Recommend to the President financial sanctions, restrictions and controls on GOCCsí
non-compliance with the PES and ICRS such as, but not limited to, withholding of budgetary
releases; and
3. Review and evaluate conversion into equity of loans previously extended by a GOCC to a
private corporation which will result in majority ownership by GOCC.
SEC. 3. The Department of Finance shall issue the necessary implementing guidelines
of this Order.
SEC. 4. All orders, administrative issuances, rules and regulations or parts thereof
inconsistent with this Order are hereby repealed or modified accordingly.
SEC. 5. This Administrative Order shall take effect immediately upon approval.
Adopted: 10 Dec. 2001
Date Filed: 07 January 2002
By the President:
(SGD.) ALBERTO G. ROMULO
Executive Secretary
óo0oó
Executive Order No. 58
Authorizing the National Power Corporation to Dispose
of its 1.6 Hectare property Located in Sitio Pajo, Baesa,
Quezon City to its Bonafide Occupants
WHEREAS, in line with the priority concern of the present Administration to provide
housing to deserving landless and homeless families and ensure security of tenure of informal
settler families occupying government lands which are no longer utilized for its intended
purposes;
WHEREAS, the National Power Corporation (NAPOCOR) owns a property in Sitio
Pajo, barangay Baesa, Quezon City consisting of 1.6 hectares covered by TCT No. 65721,
which is being occupied by more or less 300 informal settler faamilies;
WHEREAS, the NAPOCOR has expressed its intention to segregate and dispose of
these properties to its present bonafide occupants under the socialized housing program of
the government, as indicated in Resolution No. 99-03 of the NAPOCOR Board;