Amendment to Membership Composition
- Section 4 of Article II of Presidential Decree No. 1468, as amended, is further revised.
- The Governing Board is composed of seven (7) members.
- Members are appointed by the President of the Philippines.
- The corporate powers and duties of the Authority are vested in this Governing Board.
Supersession of Inconsistent Laws and Regulations
- All laws, decrees, orders, proclamations, rules, regulations, and issuances inconsistent with this Executive Order are repealed or modified accordingly.
Immediate Effectivity
- The Executive Order takes effect immediately upon its promulgation.
Legal Authority and Formalities
- The order is issued under the President's legal powers.
- Signed by President Corazon C. Aquino and Executive Secretary Joker P. Arroyo.
- Dated March 3, 1987, in Manila.