Republic of the Philippines
PALAWAN COUNCIL FOR SUSTAINABLE DEVELOPMENT
(R.A. 7611)
Puerto Princesa City, Palawan

PCSD RESOLUTION NO. 04-237

A RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR OF PCSD STAFF OR THE CHAIRMAN OF PCSD TO FORMULATE FUND SOURCING GUIDELINES and TO ENTER INTO AN AGREEMENT WITH AN APPROPRIATE ENTITY FOR FUND GENERATION AND MANAGEMENT IN ACCORDANCE WITH GOVERNMENT ACCOUNTING AND AUDITING PROCEDURES

WHEREAS, Republic Act 7911 otherwise known as the Strategic Environmental Plan (SEP) for Palawan Act was passed in June 19, 1992 adopting the SEP as the comprehensive framework for the sustainable development of the province of Palawan;

WHEREAS, Section 16 thereof created the Palawan Council for Sustainable Development (PCSD) as the administrative machinery for the governance , policy direction and implementation of the SEP;

WHEREAS, to successfully implement the SEP, the PCSD is empowered among others, to formulate plans and policies necessary to carry out the provisions of R.A 7611; to adopt, amend and rescind such rules and regulations and impose penalties therefore; and to arrange, negotiate for, and accept donations, grants, gifts, loans and other fundings from domestic and foreign sources;

WHEREAS, pursuant to the aforementioned powers, the PCSD through its Staff has embarked on identifying/tapping new sources of assistance to further the sustainable development objectives of SEP and has been working for syndication of funds from appropriate financial institutions for eligible projects;

WHEREAS, there is a need for the formulation of a fund generation scheme wherein the PCSD Staff could adhere to and could be guided in their present undertaking and establish partnership with an appropriate entity.

WHEREFORE, on motion of Rep. Abraham Kahlil B. Mitra, duly seconded, the Council resolves, as it is hereby RESOLVED, that authority is hereby delegated to Executive Director of PCSD Staff or the Chairman of PCSD to formulate fund sourcing guidelines and to enter into an agreement with an appropriate entity for the fund generation and management in accordance with the government accounting and auditing procedures and within the authority defined under the provisions of Republic Act 7611 and its Implementing Rules and Regulations;

APPROVED and ADOPTED this 24th day of September 2004 in Metro Manila. I hereby certify to the correctness and accuracy of the above-quoted resolution

NELSON P. DEVANADERA
Secretary
APPROVED FOR THE COUNCIL:

Hon.ABRAHAM KAHLIL B. MITRA
Chair,PCSD