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Presidential Decree to amend the Act creating the metropolitan waterworks and sewerage system and dissolving the National Waterworks and Sewerage Authority; and for other purposes (No. 425 of 1974).

Pays/Territoire
Philippines
Type du document
Législation
Date
1974
Source
FAO, FAOLEX
Sujet
Eau
Mot clé
Institution Approvisionnement en eau Ouvrages
Aire géographique
Asie, Asie et Pacifique, East Asian Seas, Pacifique Nord, Asie du Sud-Est
Résumé

The Metropolitan Waterworks and Sewerage System is now ready to undertake the first phase of a long-range program of construction, development and improvement of the water system to be able to meet the increased water demand. For this reason, the Corporation is allowed to issue shares, which in the major part are subscribed by the Government, and to employ other means of attracting capital. Section 4 redefines the powers and functions of the Board of Trustees of the Corporation. The Board shall determine the amount, terms, and conditions of domestic indebtedness, subject to approval by the Secretary of Finance. The Corporation may also contract foreign loans.

Texte intégral
Anglais