Extension of Privatization Committee Term

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EXECUTIVE ORDER NO. 11: Extension of Privatization Committee Term

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Title Supreme Court: Extension of Privatization Committee Term

Law: Executive Order No. 11

Decision Date: Aug 10, 1992

Fidel V. Ramos extends the term of the Committee on Privatization and the Asset Privatization Trust until December 31, 1993, to ensure the completion of privatization efforts for undisposed corporations and assets.

executive order

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Continued Powers, Duties, and Responsibilities

During the extended term, the Committee and Trust shall continue to exercise all powers, duties, and responsibilities as originally granted under Proclamation No. 50 dated December 8, 1986, as amended.
The primary objective during this period is to substantially complete the privatization of undisposed government corporations and assets, with emphasis on large or "big-ticket" items.

Separability Clause

Should any provision or portion of the Executive Order be declared unconstitutional or invalid, this shall not affect the validity or enforceability of other provisions.
The remaining portions will remain effective as long as they can be applied in their entirety independently.

Repeal of Inconsistent Issuances

All prior orders, proclamations, rules, regulations, or other issuances, or parts thereof, that are inconsistent with this Executive Order are repealed or modified accordingly.

Immediate Effectivity

This Executive Order takes effect immediately upon its issuance on August 10, 1992, in Manila, Philippines.
It is signed by President Fidel V. Ramos and Acting Executive Secretary Peter D. Garrucho, Jr.

END