Section 13Sec./Art. 13

Section 10 of the same Act is hereby renumbered as Section 11 to read as follows:

"Section 11. Implementing Rules and Regulations.

A committee composed of one (1) representative each from the Department of Public Works and Highways, the Department of Transportation and Communications, the Department of Energy, the Department of Environment and Natural Resources, the Department of Agriculture, the Department of Trade and Industry, the Department of Finance, the Department of the Interior and Local Government, the National Economic and Development Authority, the Coordinating Council of the Philippine Assistance Program, and other concerned government agencies shall, within sixty (60) days from the effectivity of this Act, formulate and prescribe, after public hearing and publication as required by law, the implementing rules and regulations including, among others, the criteria and guidelines for evaluation of bid proposals, list of financial incentives and arrangements that the government may provide for the project, in order to carry out the provisions of this Act in the most expeditious manner.

"The chairman of this committee shall be appointed by the President of the Philippines from its members.

"From time to time the committee may conduct, formulate and prescribe after due public hearing and publication, amendments to the implementing rules and regulations, consistent with the provisions of this Act."