Composition and Appointment of the Fund Governing Board (FGB)
- The FGB manages the BDAF and consists of nine members:
- Three members recommended by the OIC.
- Three members recommended by the Moro National Liberation Front (MNLF).
- Three members recommended by the Government of the Republic of the Philippines (GRP).
- The Chairman of the Board is recommended by the MNLF.
- Both the Chairman and members are appointed by the President of the Philippines.
Functions of the Fund Governing Board
- Approve policies and implementing guidelines for BDAF’s objectives.
- Determine and approve organizational structure, staffing, and pay scales subject to existing laws.
- Review and approve the annual work, financial plans, and budgets.
- Establish authority levels and responsibilities of the Project Manager.
Project Executing Office (PEO) and Project Manager
- The FGB organizes the PEO to lead the implementation of projects funded by the BDAF.
- The Project Manager heads the PEO and is appointed by the President from the FGB recommendations.
- The Project Manager’s term is fixed at four years.
Role in Catch-Up Plan Implementation
- The BDAF serves as the implementing arm for the economic catch-up plan under the 1996 GRP-MNLF Peace Agreement.
Collaboration with Other Government Agencies
- The BDAF may seek assistance from other agencies, including the Commission on Audit (COA) and the Civil Service Commission (CSC), for implementation support.
Funding and Budget Allocation
- Initial funding of One Hundred Million Pesos (P100,000,000) is appropriated from the President’s Contingency Fund.
- Future operational funding to be included in the General Appropriations Act.
Repealing Clause
- Any inconsistent executive orders, rules, and regulations are repealed or modified accordingly.
Effectivity Clause
- The Executive Order takes effect immediately upon its publication in a national newspaper of general circulation.