Retention of Functions and Compensation
- The Commission assumes all functions and powers previously granted to the Committee.
- Members of the Commission continue to serve without receiving compensation.
Funding, Financial Management, and Additional Powers
- The Commission is authorized to solicit and accept grants or donations from private individuals, entities, government agencies, and instrumentalities to finance its activities.
- Funds received must be independently accounted for by the Commission.
- The Commission has the power to manage, invest, deposit, or otherwise deal with its funds as deemed appropriate.
- It is empowered to exercise any other functions and powers that are necessary or incidental to fulfilling its mandate.
Effectivity
- The Executive Order takes effect immediately upon its promulgation on September 2, 1980, in Manila.