Transfer of Powers, Functions, and Duties
- All powers, functions, and duties of the abolished Surplus Property Commission are transferred to a newly designated body called the Surplus Property Liquidating Committee.
- This Committee was originally created under Administrative Order No. 90 dated May 19, 1949.
Transfer of Assets and Records
- All properties, records, funds, and appropriations initially under the Surplus Property Commission are transferred to the Surplus Property Liquidating Committee.
Mandate and Responsibilities of the Surplus Property Liquidating Committee
- Tasked specifically with disposing of remaining surplus government properties.
- Responsible for liquidating the accounts of the former Surplus Property Commission.
- Required to complete these duties within the shortest possible time to ensure efficiency.
Authority to Appoint Personnel and Fix Salaries
- The Committee is empowered to appoint necessary personnel to carry out its functions.
- Appointment and salary decisions require approval from the President.
Effective Date of the Executive Order
- The order becomes effective on October 1, 1949.
- Signed and enacted in Manila on September 30, 1949, under the authority of President Elpidio Quirino and Executive Secretary Teodoro Evangelista.