Title
LETTER OF INSTRUCTIONS NO. 1025
Date
May 22, 1980
President Ferdinand E. Marcos allocates Fifty Million Pesos from the General Fund to support area marketing cooperatives owned by Samahang Nayons, aiming to enhance their efficiency, benefit farmers, and lower produce prices for consumers.
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Law Summary

Introduction

This legal document is a directive issued by Ferdinand S. Marcos, the President of the Republic of the Philippines, concerning the allocation of funds to support the operational requirements of area marketing cooperatives under the control of Samahang Nayons.

Purpose of Allocation

  • Legal Principle: The document emphasizes the need for financial support to enhance the operational capabilities of farmers' cooperatives.
  • Key Definitions:
    • Area Marketing Cooperatives: Cooperatives owned and controlled by members, specifically farmers, used for procurement and marketing purposes.
    • Samahang Nayons: The organization overseeing the area marketing cooperatives.
  • Importance: The cooperatives play a vital role in:
    • Procuring production inputs for farmers.
    • Increasing productivity.
    • Assembling, processing, and marketing agricultural products.
    • Ensuring higher returns for farmers' investments and labor.

Fund Allocation

  • Legal Provision: The document allocates a specific amount of funding to support these cooperatives.
  • Amount: Fifty Million Pesos (₱50,000,000.00) is to be set aside.
  • Source of Funds: The funds are to be drawn from the unappropriated portion of the General Fund of the government.
  • Administration: The funds will be administered by the Ministry of Agriculture, under regulations to be established by the Ministry of Aquiculture.

Implementation Details

  • Requirements:
    • The allocation is contingent upon the establishment of appropriate rules and regulations by the Ministry of Aquiculture.
  • Procedures: The Minister of the Budget is instructed to manage the allocation process and ensure it aligns with the outlined requirements.

Timeframes and Compliance

  • Timeline: The document does not specify a deadline for the allocation or implementation of the funds but indicates the need for operational support soon.
  • Consequences: There are no penalties or liabilities explicitly mentioned in the document for non-compliance or failure to utilize the funds.

Cross-References

  • Relevant Authorities: The document references the roles of the Ministry of Agriculture and the Ministry of Aquiculture regarding the fund’s administration.

Key Takeaways

  • The Letter of Instructions No. 1025 allocates ₱50 million to support farmers' cooperatives for enhancing their operational effectiveness.
  • The funds are intended to improve productivity and marketing for farmers, ensuring better returns on their investments.
  • Administration of the funds will be under the Ministry of Agriculture with regulations to be established by the Ministry of Aquiculture.
  • There are no stated penalties for non-compliance, but the timely implementation of the fund allocation is implied as necessary for operational success.

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