Section 13Sec./Art. 13

Formulation and Submission of the PHILVOLCS Modernization Program. - The Executive Directors of the PHILVOLCS, in coordination with the Secretary of the DBM and the Director-General of the National Economic and Development Authority (NEDA), shall formulate the PHILVOLCS Modernization Program and oversee its implementation based on the policy objectives provided in this Act.

The PHILVOLCS Modernization Program shall, among others, include the:

(a) PHILVOLCS' requirements in terms of personnel, equipment, and facilities during the various stages of modernization;

(b) Modernization projects, which shall indicate the equipment and technology acquisitions, including major construction or upgrade of facilities and the particular objective and components for such intended acquisition, construction, and upgrading; and

(c) Priorities, schedules, and estimated cost of each modernization project.

Within ninety (90) days from the effectivity of this Act, the PHILVOLCS Modernization Program shall be submitted to the President for approval.