Creation of Philippine Coconut Authority

Promotion of accelerated development of the coconut and other palm oils industry across all facets.
Provision of general direction for steady and orderly industry development.
Achievement of vertical integration to ensure coconut farmers participate in and benefit from the industry's growth.

Formulate and adopt a comprehensive development program for the industry.
Evaluate and integrate existing policies, programs, and projects related to industry development.
Recommend integration of agencies involved in industry development for better efficiency.
Supervise, coordinate, and evaluate all related agency activities and allocate public funds.
Regulate marketing and export of coconut and other palm oil products including quota establishment when necessary.
Administer funds from laws, donations, grants, and loans, with Presidential approval for certain transactions.
Borrow funds and issue bonds subject to Central Bank rules to finance vital programs.
Formulate and recommend credit policies related to production, marketing, and processing.
Enter into contracts necessary for achieving the Authority’s objectives.

Composed of eleven members including private sector representatives and key government officials.
Members appointed by the President and institutional heads from related agencies.
The President designates the Chairman; a Vice-Chairman and an Executive Committee are elected internally.
Board meets as necessary to govern and delegate powers.

Managed by an Administrator appointed by the Board.
Administrator directs affairs in line with Board policies and plans.
Can establish organizational units and recommend staffing levels.
Has authority to appoint, discipline, and remove officials or employees with Board approval.
Responsible for submitting annual and periodic reports to the President.

Abolishes Coconut Coordinating Council, Philippine Coconut Administration, and Philippine Coconut Research Institute.
Transfers all functions, appropriations, assets, and essential personnel to the new Authority.
Ensures minimal disruption of ongoing programs during transition.
Interim management by relevant secretaries and agency heads until the Authority's Board assumes full functions.

The Authority is attached to the Department for coordination of plans and policies.

All inconsistent laws, orders, rules, and regulations are repealed or amended to conform to this Decree.

If any provision is declared unconstitutional, it does not affect the validity of the remaining provisions.