Republic Act No. 5450

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1

The following sums or so much thereof as may be necessary are hereby appropriated out of any funds in the National Treasury not otherwise appropriated for the operation of the Board of Investments pursuant to the provisions of Republic Act Numbered Fifty-one hundred eighty-six and other laws the implementation of which is assigned to the Board of Investments during the period from July first nineteen hundred sixty-eight to June thirtieth nineteen hundred sixty-nine:

GENERAL FUND
I.PERSONAL SERVICES
A. Office of the Board op Governors
1. One Chairman	P50,000
2. Four Governors at P40.000	160,000
3. One Board Secretary and Executive Assistat	24,000
4. One Special Assistant	15,600
5. One Private Secretary to the Chairman	6,000
6. Four Private Secretaries at P6,000	24,000
7. One Secretary	4,800
8. One Senior Stenographer	4,200
9. One Minute Recorder	3,600
10.Six Utility Men at P2,700	16,200
B.Office of the Auditor
11.One Auditor	24,000
12.One Assistant Auditor	14,400
13.One Senior Examiner	7,200
14.One Audit Examiner	4,800
15.One Auditing Clerk	3,600
C.Planning, Research and Information Department
1.Office of the Director
16.One Director	24,000
17.One Secretary	4,800
2.Information Section
	15,600
18.One Information Officer
19. One Senior Analyst	13,200
20. One Analyst	9,300
21. One Librarian	9,300
22. One Assistant Librarian	5,280
23. One Draftsman	5,280
24. One Senior Stenographer	4,200
3. Sectoral Planning Section
25. One Chief Analyst (Section Head)	15,600
26. One Senior Analyst	13,200
27. One Senior Analyst	13,200
28. One Analyst	9,300
29. One Analyst	9,300
30. One Staff Assistant	5,280
31. One Senior Stenographer	4,200
4. Industry Planning Section
32. One Chief Analyst (Section Head)	15,600
33. One Senior Analyst	13,200
34. One Senior Analyst	13,200
35. One Analyst	9,300
36. One Assistant Analyst	7,020
37. One Staff Assistant	5,280
38. One Clerk-Typist	3,600
5. Statistics Section
39. One Chief Analyst (Section Head)	15,600
40. One Senior Analyst	13,200
41. One Analyst	9,300
42. One Assistant Analyst	7,020
43. Two Staff Assistants at 5,280	10,560
44. One Clerk-Typist	3,600
D. Project Development Department
1. Office of the Director
45. One Director	24,000
46. One Senior Analyst	13,200
47. One Analyst	9,300
48. One Secretary	4,800
2. Agricultural Industries Section
49. One Chief Analyst (Section Head)	15,600
50. One Senior Analyst	13,200
51. Two Analysts at P9,300	18,600
52. One Assistant Analyst	7,020
53. One Staff Assistant	5,280
54. One Clerk-Typist	3,600
3. Chemical, and Allied Processing
Industries Section
55. One Chief Analyst (Section Head)	15,600
56. One Senior Analyst	13,200
57. One Senior Analyst	13,200
58. Two Analysts at 9,300	18,600
59. One Analyst	8,400
60. One Assistant Analyst	7,020
61. One Staff Assistant	5,280
62. One Clerk-Typist	3,600
4. Engineering, Metallurgical and Mining Industries Section
63. One Chief Analyst (Section Head)	15,600
64. Two Senior Analysts at P13,200	26,400
65. One Analyst	9,300
66. One Analyst	9,300
67. One Assistant Analyst	7,200
68. One Assistant Analyst	7,020
69. One Staff Assistant	5,280
70. One Clerk-Typist	3,600
E. Project Evaluation Department
1. Office of the Director
71. One Director	24,000
72. One Secretary	4,800
2. Engineering Section
73. One Chief Analyst (Section Head)	15,600
74. One Senior Analyst	13,200
75. One Senior Analyst	13,200
76. One Senior Analyst	13,200
77. One Senior Analyst	13,200
78. Two Analysts at P9,300	18,600
79. One Assistant Analyst	7,200
80. One Assistant Analyst	7,020
81. One Staff Assistant	5,280
82. One Clerk-Typist	3,600
3. Marketing and Distribution Section<
83. One Chief Analyst (Section Head)	15,600
84. Three Senior Analysts at P13,200	39,600
85. Two Analysts at P9,300	18,600
86. Two Assistant Analysts at P7,020	14,040
87. One Staff Assistant	5,280
88. One Senior Stenographer	4,200
4. Finance Section
89. One Chief Analyst (Section Head)	15,600
90. One Senior Analyst	13,200
91. Two Senior Analysts at P13.200	26,400
92. Two Analysts at P9.300	18,600
93. Three Analysts at P8,400	25,200
94. One Assistant Analyst	7,020
95. Two Staff Assistants at P5,280	10,560
96. One Clerk-Typist	3,600
F.Project Assistance and Supervision Department
1. Office of the Director and Legal Counsel
97. One Director	24,000
98. One Assistant Director	19,100
99. One Liaison Officer	13,200
100. One Secretary	4,800
101. One Senior Stenographer	4,200
2. Legal Section
102. One Legal Officer I (Section Head)	15,600
103. Two Legal Officers II at P13,200	26,400
104. One Legal Officer II	13,200
105. Three Legal Officers III at P9,300	27,900
106. Three Legal Officers at P7,200	21,600
107. One Senior Stenographer	4,200
3. Processing Section
108. One Chief Analyst (Section Head)	15,600
109. One Senior Analyst	13,200
110. One Analyst	9,300
111. One Processing Clerk	3,600
112. One Processing Clerk	3,600
4. Project Assistance Section
113. One Chief Analyst (Section Head)	15,600
114. One Senior Analyst	13,200
115. One Senior Analyst	13,200
116. Three Analysts at P9,300	27,900
117. One Staff Assistant	5,280
118. One Senior Stenographer	4,200
5.Project Supervision Section
119. One Chief Analyst (Section Head)	15,600
120. One Senior Analyst	13,200
121. Two Senior Analysts at P13,200	26,400
122. One Analyst	9,300
123. Two Assistant Analysts at P7,020	14,040
124. One Senior Stenographer	4,200
G. Management Services
1. Administrative Office
125. One Administrative Officer	35,600
126. One Clerk Typist	3,600
2. Budget and Finance Office
127. One Budget Officer	14,400
128. One Senior Budget Examiner	7,200
129. One Cashier	7,020
130. One Budget Examiner	7,020
131. One Assistant Cashier	5,400
132. One Clerk-Typist	3,600
3. Accounting Office
133. One Chief Accountant	10,800
134. One Assistant Chief Accountant	8,400
135. One Accountant	7,020
136. Two Accounting Clerks at P4,200	8,400
137. One Clerk-Typist	3,600
4. Personnel Office
138. One Personnel Officer	9,300
139. One Personnel Clerk	4,200
140. One Personnel Aide	3,600
141. One Clerk-Typist	3,600
5. Records Office
142. One Records Officer	9,300
143. One Records Clerk	1,200
144. One Clerk-Typist	3,600
145. One Technical Utility Man	3,000
6. Property and Supply Office
146. One Supply Officer	10,800
147. One Property Custodian	4,200
148. One Canvasser	1,200
149. One Clerk-Typist	3,600
7. Utility and Maintenance Office
150. One General Services Officer	9,800
151. One Receptionist	3,600
152. One Clerk-Typist	3,600
153. One Clerk-Typist	3,600
154. One Driver	2,700
155. One Driver	2,700
156. Two Drivers at P2,700	5,400
157. One Telephone Operator	3,600
158. Three Technicians (Utility Aide) at P3,000	9,000
159. Six Messengers at P2,700	16,200
MISCELLANEOUS
160. For salaries and wages of temporary and emergency employees, including technical men, skilled, semi-skilled and unskilled laborers who may be employed from time to time as the need of their services may require at rates in accordance with the Minimum Wage Law, R.A. No. 4180	50,000
161.For employees' retirement and life insurance premiums	86,700
Total for personal services (202 positions)	P2,033,200
II. MAINTENANCE AND OTHER OPERATING EXPENSES
1. Traveling expenses	P100,000
2. Supplies and materials	100,000
3. Sundry expenses, including the commutable allowances of the Board Members, pursuant to the provisions of RA 5186, and other representation expenses	300,000
Total for Maintenance and other representation expenses	P500,000
III. EQUIPMENT
1. Equipment Outlay, including the purchase of two automobiles, and two station wagons needed in carrying out the objective of RA 5186	150,000
Total for equipment	P150,000
IV. SPECIAL PURPOSES
1. For expenses required to carry out project assistance and to conduct investment studies, seminars and surveys including salaries, additional compensation, honoraria to technical and other personnel for consultants, subject to the approval of the Board	200,000
Total for Special Purposes	P200,000
SUMMARY
Total for salaries & wages	2,033,200
Total for sundry expenses	500,000
Total for equipment	150,000
Total for special purpose	200,000
Total current operating expenditures for the Board of Investments (General Fund)	P2,883,200

Section 2

The provisions under the "General Provisions" contained in the General Appropriations Act for the fiscal year nineteen hundred sixty-eight and sixty-nine which are not in conflict with the provisions of Republic Act Numbered Fifty-one hundred and eighty-six and of this Act, are hereby made applicable in carrying out the purposes of this Act.

Section 3

This Act shall take effect July first, nineteen hundred and sixty-eight.

Approved, September 30, 1968.