Fund Governing Board creation and membership
- Section 2 establishes a Fund Governing Board (FGB) to manage the BDAF.
- Section 2 sets the FGB membership at nine (9) members: three (3) recommended by the OIC, three (3) by the MNLF, and three (3) by the GRP.
- Section 2 provides that the FGB shall be headed by a Chairman recommended by the MNLF.
- Section 2 directs that the Chairman and members of the FGB shall be appointed by the President.
Board powers and approvals
- Section 3(a) requires the Board to approve policies and implementing guidelines needed to accomplish the purpose and objectives of the BDAF.
- Section 3(b) requires the Board to determine and approve the organizational structure, staffing pattern, and pay scale of its officers and employees, subject to existing rules and regulations.
- Section 3(c) requires the Board to review and approve the annual work and financial plan and budget of the BDAF.
- Section 3(d) empowers the Board to establish levels of authority and responsibilities of the Project Manager.
Project Executing Office and manager term
- Section 4 requires that a Project Executing Office (PEO) be organized by the FGB to oversee and lead the implementation of projects supported by the BDAF.
- Section 4 provides that the PEO shall be headed by a Project Manager appointed by the President from the recommendees of the FGB.
- Section 4 sets the Project Manager’s term at four (4) years.
Catch-up plan purpose
- Section 5 mandates that the BDAF implements the economic catch-up plan for the implementation of the 1996 GRP-MNLF Peace Agreement.
Coordination and assistance from agencies
- Section 6 authorizes the BDAF to request assistance from other agencies as necessary.
- Section 6 expressly includes the Commission on Audit (COA) and the Civil Service Commission (CSC) among agencies that may assist in implementation.
Budget funding and subsequent appropriation
- Section 7 provides initial funding of PHP 100,000,000.00 to be taken from the President’s Contingency Fund for the initial funding and operation of the BDAF.
- Section 7 requires that the subsequent operational budget for the BDAF be included in the General Appropriations Act.
Repeal of inconsistent issuances
- Section 8 repeals or modifies any executive orders, rules, regulations, and other issuances or parts thereof that are inconsistent with the provisions of the Executive Order.
Effectivity upon publication
- Section 9(a) provides that the Executive Order takes effect immediately upon its publication in a national newspaper of general circulation.