APPROVING THE IDENTIFICATION OF AND TRANSFER TO THE NATIONAL GOVERNMENT OF CERTAIN ASSETS AND LIABILITIES OF THE DEVELOPMENT BANK OF THE PHILIPPINES AND THE PHILIPPINE NATIONAL BANK.

Providing for the 1986 revised charter of the Development Bank of the Philippines

PROVIDING FOR THE REORGANIZATION OF THE DEVELOPMENT BANK OF THE PHILIPPINES, THE TRANSFER AND DIVESTMENT OF ITS NON-PERFORMING ACCOUNTS, AND FOR OTHER PURPOSES

AMENDING ORDER NO. 247, SERIES OF 1971, ENTITLED “CONSTITUTING PERFORMANCE TEAMS TO CONDUCT PERFORMANCE AUDITS ON: THE NATIONAL POWER CORPORATION, THE NATIONAL ELECTRIFICATION ADMINISTRATION, THE DEVELOPMENT BANK OF THE PHILIPPINES, THE OFFICE OF ECONOMIC COORDINATION, AND THE DEPARTMENT OF LABOR”.

DECLARING SATURDAY, JANUARY 22, 1966, AS A SPECIAL PUBLIC HOLIDAY IN THE PROVINCES OF COTABATO, LANAO DEL NORTE, LANAO DEL SUR AND SULU, AND IN THE CITIES OF BASILAN, COTABATO, ILIGAN AND MARAWI.

EXCLUDING FROM THE OPERATION OF PROCLAMATION NO. 64, DATED AUGUST 6, 1925, A PORTION OF LAND EMBRACED THEREIN AND DECLARING THE SAME OPEN TO DISPOSITION FOR BUILDING SITE PURPOSES OF THE DEVELOPMENT BANK OF THE PHILIPPINES ON A NEGOTIATED FEE BASIS.

AN ACT STRENGTHENING THE DEVELOPMENT BANK OF THE PHILIPPINES, AMENDING FOR THE PURPOSE EXECUTIVE ORDER NO. 81.