Legislative-Executive Dev't Advisory Council Act

The Council consists of 20 members including:
- President as Chairman
- Vice President, President of the Senate, Speaker of the House
- Seven Cabinet members designated by the President
- Three Senate members designated by Senate President
- Three House members designated by Speaker (including at least one from the minority party)
- Presidential appointees: representative of local government units, youth, and private sector (business cooperatives, agriculture, labor)
Legislative members participate as extension of their legislative functions.
Cabinet members serve ex officio.
No additional compensation for government officials serving as members.
Council empowered to form subcommittees and request assistance from government agencies and resource persons.

Advise the President on socio-economic development programs and policies.
Determine and recommend development goals aligned with national policies.
Provide policy advice on vital socioeconomic issues.
Ensure regional development plans integrate into the national plan.
Supervise and improve implementation of official development assistance.
Assess effectiveness of national development plan implementation.
Integrate environmental principles into development planning.
Review legislative agenda for alignment with national development goals.
Recommend revenue sources and spending reduction to optimize government resources.

The National Economic and Development Authority (NEDA) serves as principal secretariat.
Assistance provided by Presidential Management Staff and economic planning staff of both Senate and House.

Mandatory meetings at least quarterly.
Special meetings may be convened by the Chairman as necessary.
Members must be notified in advance.
The inaugural meeting shall occur within one month from the law's effectivity date.

Enhance involvement of private sector and non-government groups in economic planning and project monitoring.
Integrate local development priorities into the national development plan, respecting budget limitations.
Expedite study and formulation of projects addressing livelihood and social needs.
Accelerate use of grants and concessional loans for priority projects.
Improve monitoring mechanisms for project implementation ensuring efficiency and timely completion.

The Council shall submit reports after each meeting to all Senators and Congressmen not on the Council.
Reports focus on progress and actions regarding priority concerns.

The Council must promulgate implementing rules and regulations within 60 days from the law's approval.

Initial funding of Three Million Pesos for Fiscal Year 1993 out of the National Treasury.
Future funding to be included in the annual General Appropriations Act.

Unconstitutional provisions shall not affect the validity of the remaining provisions.