Presidential Decrees1 min read
Section 12December 14, 1980, Sec./Art. 12
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Powers of the Board. The Board shall have the following powers:
(a) To formulate policies, rules and regulations to carry out effectively the functions of the Fund under this Act;
(b) To direct the operations and administration of the Fund;
(c) To authorize expenditures of the Fund in the interest of effective administration and operations; to adopt from time to time the budgets for said purposes;
(d) To approve appointments of personnel; and
(e) To exercise such powers as may be necessary to carry out into effect the powers and accomplish the purposes for which the Fund is established.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.