Continued Effect of Prior Provisions
- All provisions from Section 2 of Presidential Decree No. 1677-A remain fully effective.
- These provisions continue until specifically modified or repealed by subsequent Presidential action.
Repeal of Conflicting Laws and Regulations
- Any laws, decrees, orders, rules, or regulations inconsistent or conflicting with this decree are repealed or adjusted to conform.
Immediate Effectivity of the Decree
- The decree takes effect immediately upon its promulgation, ensuring no gap in the exercise of presidential review powers.
Legal Foundation and Authority
- The power to review derives from Section 12, Article XVII of the 1973 Constitution, as amended.
- The decree reaffirms the President's constitutional authority over contracts and franchises granted by the state and its agencies.
- It emphasizes oversight on government-owned or controlled corporations as well as other governmental subdivisions and instrumentalities.