Question & AnswerQ&A (EXECUTIVE ORDER NO. 939)
The National Manpower and Youth Council (NMYC) is directed to implement the Sariling Sikap Program.
The NMYC is authorized to engage in various training-cum-production activities including but not limited to trade testing, use of training equipment and facilities, consultancy and technical services, and repair and maintenance services.
All income derived from these activities shall be deposited in a Revolving Fund maintained for that purpose.
The Revolving Fund is used to pay operational expenses incurred by the NMYC in connection with its activities, including payment of honoraria to personnel involved.
The Revolving Fund is considered perpetuating and self-liquidating as per Section 4 of EO No. 939.
The Fund shall be deposited in any authorized government depository bank.
The interest earned from the Fund shall accrue to and form part of the Revolving Fund and be used for the same purposes for which the Fund is authorized.
Yes, Section 6 encourages other government agencies to avail themselves of the goods and services provided by the NMYC and to establish linkages for productive partnerships.