Question & AnswerQ&A (EXECUTIVE ORDER NO. 527)
Certification is done in accordance with the provisions of Act No. 3500, as amended.
The interest rate applied is four percent per annum.
It takes effect upon receipt or copy of the Executive Order by the Provincial Treasurer of Isabela.
Elpidio Quirino signed the Executive Order as the President of the Philippines.
The Provincial Treasurer of Isabela receives the order and is responsible for enforcing the termination of toll collection.
The certification is done under the provisions of Act No. 3500, as amended.
It signifies that the investment for the construction and maintenance of the Ipil Bridge has been fully paid off, ending the need for toll collection.
This phrase marks the year of issuance and places it in the context of the country's independence timeline, indicating the seventh year since Philippine independence.