People - S - Survival - Fund20210505-12-1nmwynv
People - S - Survival - Fund20210505-12-1nmwynv
People - S - Survival - Fund20210505-12-1nmwynv
Towards this end, the State adopts the principle of protecting the
climate system for the benefit of humankind, on the basis of climate
justice or common but differentiated responsibilities and the
Precautionary Principle to guide decision-making in climate risk
management. As a party to the United Nations Framework Convention
on Climate Change (UNFCCC), the State adopts the ultimate objective
of the Convention which is the stabilization of greenhouse gas
concentrations in the atmosphere at a level that would prevent
dangerous anthropogenic interference with the climate system which
should be achieved within a time frame sufficient to allow ecosystems
to adapt naturally to climate change, to ensure that food production is
not threatened and to enable economic development to proceed in a
sustainable manner. As a party to the Hyogo Framework for Action, the
State likewise adopts the strategic goals in order to build national and
local resilience to climate change-related disasters.
The Commissioners shall hold office for a period of six (6) years,
and may be subjected to reappointment: Provided, That no person shall
serve for more than two (2) consecutive terms: Provided, further, That
in case of a vacancy, the new appointee shall fully meet the
qualifications of a Commissioner and shall hold office for the unexpired
portion of the term only: Provided, furthermore, That in no case shall a
Commissioner be designated in a temporary or acting capacity:
Provided, finally, That any Commissioner may be removed from office
before the expiration of his/her term for cause or due to incapacity and
in accordance with due process required by pertinent laws.
The Vice Chairperson and the Commissioners shall have the rank
and privileges of a Department Secretary and Undersecretary,
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respectively. They shall be entitled to corresponding compensation and
other emoluments and shall be subject to the same disqualifications."
SECTION 13. Insert and renumber Sections 18, 19, 20, 21, 22, 23,
24 and 25 in Republic Act No. 9729 to read as follows:
"SEC. 18. Creation of the People's Survival Fund. — A
People's Survival Fund (PSF) is hereby established as a special fund in
the National Treasury for the financing of adaptation programs and
projects based on the National Strategic Framework."
"SEC. 19. Sources of the Fund. — The amount of One billion
pesos (P1,000,000,000.00) shall be appropriated under the General
Appropriations Act (GAA) as opening balance of the PSF. Thereafter,
the balance of the PSF from all sources including the amount
appropriated in the GAA for the current year shall not be less than One
billion pesos (P1,000,000,000.00): Provided, That the balance of the
PSF may be increased as the need arises, subject to review and
evaluation by the Office of the President and the Department of Budget
and Management (DBM) of the accomplishments of the Commission
and other concerned LGUs: Provided, further, That the PSF shall not be
used to fund personal services and other operational expenses of the
Commission: Provided, furthermore, That the balance of the PSF
including the amount appropriated in the GAA which shall form part of
the fund shall not revert to the general fund: Provided, finally, That the
Commission shall submit to Congress and the DBM a semi-annual
physical/narrative and financial report on the utilization of the PSF.
"SEC. 22. Powers and Functions of the PSF Board. — The PSF
Board, which shall convene at least twice a year, shall have the
following powers and functions:
(a) Promulgate policies that will maintain the fiduciary
character of the Board;
SECTION 17. Effectivity Clause. — This Act shall take effect after
fifteen (15) days following its complete publication in at least two (2) national
newspapers of general circulation.
Approved: August 16, 2012.
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Published in The Philippine Star on August 24, 2012.