QuestionsQuestions (EXECUTIVE ORDER NO. 830)
To increase the authorized capital of the Light Rail Transit Authority (LRTA) from P500,000,000.00 to P3,000,000,000.00.
Executive Order No. 830 amends Executive Order No. 603. Specifically, it amends Article 6, Section 15 of Executive Order No. 603 on capitalization.
Three Billion Pesos (P3,000,000,000.00).
The Republic of the Philippines and other government institutions, corporations, instrumentalities, and agencies, whether national or local, within the framework of their respective charters.
It was Five Hundred Million Pesos (P500,000,000.00).
The need for an efficient, adequate, economical, safe, convenient, and dependable transportation system responsive to metropolitan needs, and that LRTA projects require increased equity.
It refers to the maximum amount of capital that the authority may have, which must be subscribed under the charter provisions; it sets the funding/equity framework for the authority’s operations and projects.
It means the authorized capital amount (P3B) must be subscribed in full by the specified government entities/units in accordance with their charters.
It indicates that subscriptions by any national or local government-related entity must be done consistent with the authority, powers, and limitations granted by its own enabling law or charter.
It takes effect immediately.
It repeals, amends, or modifies any laws, decrees, orders, rules, regulations, policies, programs, or parts thereof that are inconsistent with the executive order.
Because amendment modifies specific provisions (here, capitalization under EO 603), while repeal eliminates conflicting or covered provisions entirely; the repealing clause clarifies the legal effect on inconsistent laws.
The President is Ferdinand E. Marcos; “By the President,” it is signed by Juan C. Tuvera, Presidential Executive Assistant.
It is located in Article 6, Section 15 of Executive Order 603, as amended by EO 830; it states the authority’s authorized capital shall be P3,000,000,000.00 and fully subscribed by specified government entities.
It was done in the City of Manila on September 30, 1982.