LETTER OF INSTRUCTION NO. 80

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LETTER OF INSTRUCTION NO. 80: Release of funds for Masagana 99 program

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Title Supreme Court: Release of funds for Masagana 99 program

Law: Letter Of Instruction No. 80

Decision Date: May 25, 1973

In the Philippine Jurisprudence case, the government issued Letter of Instructions No. 80 to release funds for the Masagana 99 rice program, requiring strict compliance to support loan operations and increase rice production in the country.

release of funds

letter of instructions

central bank

Question & AnswerQ&A (LETTER OF INSTRUCTION NO. 80)

: Director General Gerardo P. Sicat of the National Economic and Development Authority was directed to release the funds.
: The funds were to be released to the Central Bank of the Philippines.
: An amount of P77.5 million was ordered to be released.
: The release of funds was intended to support the Masagana 99 rice program of the Government.
: The rural banks and the Philippine National Bank were the beneficiaries.
: It implies that the addressee must fully and immediately comply with all provisions stated in the instruction without delay or excuse.

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