Question & AnswerQ&A (EXECUTIVE ORDER NO. 79)
The Rice and Corn Administration (RCA) was designated as the government agency to undertake the importation of rice.
The importation of rice is undertaken pursuant to the provisions of Republic Act No. 3848.
The RCA was empowered to enter into negotiations, execute contracts, borrow money from any government financing institution, and perform other necessary acts related to the importation of rice.
The legal basis is the authority vested by law in the President and the provisions of Republic Act No. 3848.
Yes, the RCA may borrow money from any government financing institution to facilitate rice importation.
The RCA may do such other acts as may be necessary in connection with the importation of rice beyond negotiations, contracts, and loans.
Yes, the RCA is empowered to enter into negotiations and execute contracts related to rice importation.
It was signed in the City of Manila.