Y 
Y' 
THIRTEENTH CONGRESS OF THE REPUBLIC 
} 
u -  
OF THE PHILIPPINES 
1 
First Regular Session 
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Introduced by Senator S. R. OsmeAa Ill 
EXPLANATORY NOTE 
Latest figures from the National Statistical Coordination Board (NSCB) 
show that 5,27.7 barangays nationwide remained unlighted as of end 2002. 
The comparative figures below summarize the power distribution profile of the 
country as of end 1999. 
Luzon 
Visavas 
M indanao 
Philip pines 
Total Barangays 
15,535 
10,974 
9,571 
36,080 
Lighted 
14,419 
9,377 
7,007 
30,083 
Percent lighted 
92.8% 
85.4% 
73.2% 
85.4% 
The experience of advanced countries have shown the effectiveness of 
cooperatives in promoting mass participation in economic development and in 
the distribution of its fruits. This bill therefore seeks to tap the resources of 
the cooperative movement, and to empower cooperatives in bridging the gap 
in power distribution throughout the country with the following provisions: 
(a) 
Two additional members of 
the governing board of 
electric 
cooperatives, who shall be nominated by the National Association of 
Electric Cooperatives; 
Restructuring the National Electrification Administration to strengthen 
its capabilities to offer lending facilities to electric cooperatives, and as a 
regulatory agency; and 
(c) 
Rules 
for the 
establishment of stock 
cooperatives, including 
capitalization which shall enjoy tax 
and 
other privileges 
under the 
cooperative code. 
(b) 
It is the height of tragedy that in this day and age, our barangays remain 
isolated from the rest of the economy, and unable to tap into the fruits of 
modern technology, simply by the deficiency of organizational structures that 
would simply 
deliver to them electric power that is already available for 
distribution. 
In view of the foregoing, the immediate approval of this bill is earnestly 
requested. 
/ 
SERGIO OSMENA I l l  
Senator 


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THIRTEENTH CONGRESS OF THE REPUBLI 
First Regular Session 
OF THE PHILIPPINES 
p5; 
re, 
S E N A T  
" 
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S. No. 
Introduced by Senator S. R. OsmeAa 111 
AN ACT 
TO FURTHER PROMOTE AND STRENGTHEN THE NATIONAL TOTAL 
ELECTRIFICATION 
POLICY, 
AMENDING 
FOR 
THE 
PURPOSE 
(P.D. NO. 269), AS AMENDED, AND FOR OTHER PURPOSES 
PRESIDENTIAL DECREE NUMBERED TWO HUNDRED AND SIXTY-NINE 
Be it enacted by. the Senate and House of Representatives of the Philippines in 
Congress assembled: 
SECTION 1. 
The first paragraph of Section 2 of PD No. 269, as 
amended, is hereby amended to read as follows: 
SEC. 2. Declaration of National Policy. - The total electrification of the 
Philippines on an area coverage basis being vital to the welfare of its people and 
the sound development of the nation, it is hereby declared to be the policy of the 
State to pursue and foster, in an orderly and vigorous manner, the attainment of 
this objective. For this purpose, the State shall promote, encourage, and assist 
all public service entities engaged in supplying electric service, particularly 
electric cooperatives, which are willing to pursue diligently this objective. 
TOWARDS THE ATTAINMENT OF THIS OBJECTIVE, AND TO OPTIMIZE 
THE USE OF AND BENEFITS FROM THE LIMITED RESOURCES OF THE 
COOPERATIVE SECTOR, THE STATE SHALL TAP AND/OR POOL CAPITAL 
FROM ITS MEMBERS. 


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IT IS HEREBY FURTHER DECLARED THE GOAL OF THE STATE TO 
ENERGIZE ALL BARANGAYS AND FAR-FLUN 
COMMUNITIES WITHIN 
FIFTEEN (15) YEARS FROM THE EFFECTIVITY OF THIS ACT. 
x x x x x 
SEC. 2. Section 5 of PD 269, as amended, is hereby amended to read 
as follows: 
“SEC. 5. National Electrification Administration; Board of Administrators; 
Administrator. - (a) For the purpose of administering the provisions of this 
Decree, there is hereby established a public corporation to be known as the 
National Electrification Administration. All of the powers of the corporation shall 
be vested in and exercised by [the] a Board of Administrators, which shall be 
composed of a Chairman and [four (4)] SIX (6) members, TWO (2) OF WHOM 
SHALL BE NOMINATED BY THE NATIONAL ASSOCIATION OF ELECTRIC 
COOPERATIVES, who shall be appointed by the President of the Philippines to 
serve for a term of six (6) years: Provided, That the terms of the first appointees 
shall be six (6) years for the Chairman and [one] THREE (3) members and three 
(3) years for the [two] THREE (3) other members, respectively, and that the term 
of the ex-officio member shall be coterminous with his term as the Administrator: 
PROVIDED, FURTHER, THAT THE TERM OF OFFICE OF ONE (1) OF THE 
TWO (2) ADDITIONAL MEMBERS OF THE BOARD OF ADMINISTRATORS 
UNDER THIS AMENDATORY ACT SHALL BE COTERMINOUS WITH THAT 
OF THE INCUMBENT CHAIRMAN AND THE TERM OF THE OTHER 
COTERMINOUS WITH THAT OF THE INCUMBENT ADMINISTRATOR. 
UNLESS THE PRESIDENT OF THE PHILIPPINES APPOINTS OTHERWISE, 
THESECRETARYOFTHEDEPARTMENTOFENERGYSHALLBETHEEX- 
OFFICIO CHAIRMAN OF THE BOARD OF ADMINISTRATORS. x x x 
xxxxxxx 
The presence of at least [three] FOUR members shall constitute a quorum 
which shall be necessary for the transaction of any business. THE MEMBERS 


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OF THE BOARD SHALL RECEIVE REASONABLE PER DIEMS FOR EVERY 
BOARD MEETINGS ACTUALLY ATTENDED. x x x x” 
SEC. 3. Section 5, sub-paragraph (a), (6) of PD 269, as amended, is 
hereby repealed 
SEC. 4. Section 6 of PD No. 269, as amended, is hereby further 
amended to read as follows: 
“SEC. 6. Capifal Sock. - The authorized capital stock of NEA is [five 
billion pesos (P5B)I TWENTY BILLION PESOS (PZOB) divided into [ten (IO)] 
TWO HUNDRED (ZOO) million shares having a par value of one hundred 
(PlOO.00) pesos each, which shares are not to be transferred, negotiated, 
pledged, mortgaged, or otherwise given as security for the payment of any 
obligation. 
[The sum of not less than five hundred million pesos shall be earmarked 
out of the corporate equity investment funds contained in Batas Pambansa Blg. 
40 and the same amount is hereby appropriated out of the funds in the National 
Treasury not otherwise appropriated, for the payment of subscription of the NEA 
capital stock, for each year beginning with fiscal year 1981 until the unpaid 
subscription to the government to the capital stock of the corporation shall have 
been paid in full: Provided, That additional amounts as may be needed shall be 
included in the annual General Appropriations Act.] 
THE ADDITIONAL FIFTEEN BILLION PESO (P.156) 
- AUTHORIZED 
CAPITAL STOCK SHALL BE FULLY SUBSRIBED BY THE GOVERNMENT 
OF THE REPUBLIC OF THE PHILIPPINES AND SUCH SUBSCRIPTION 
SHALL BE PAID, AS FOLLOWS: 
(A) 
BY THE CONVERSION INTO EQUITY 
I. 
ADVANCES BY THE BUREAU OF TREASURY FOR THE 
PAYMENT OF THE MATURED PORTION OF VARIOUS 
FOREIGN LOANS OF THE NEA; AND 
2. LONG-TERM LIABILITIES OF THE NEA, AS THEY FALL DUE; 


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(€3) 
BY SUCH SUMS AS MAY BE APPROPRIATED BY THE 
CONGRESS OF THE PHILIPPINES ANNUALLY FOR RURAL 
ELECTRIFICATION PROJECT§ AND THE REHABILITATION OR 
RESTORATION OF ELECTRIC DISTRIBUTION FACILITIES 
WHICH THE NEA MAY BE REQUIRED TO ADVANCE AS 
LOANS 
TO 
ELECTRIC 
COOPERATIVES, 
UNTIL 
SAID 
AUTHORIZED AND SUBSCRIBED CAPITAL STOCK IS FULLY 
PAID UP: PROVIDED, THAT THE NEA SHALL ENDEAVOR TO 
PROMOTE 
AUTONOMOUS 
OPERATION 
AND 
CAPITAL 
FORMATION AND GENERATION OF FUNDS AND OTHER 
RESOURCES FROM OTHER SOURCES TO FINANCE THEIR 
EXPANSION , 
MA I NTE N A N C E 
REQUIREMENTS THEREBY REDUCING THEIR DEPENDENCE 
ON GOVERNMENT LOANS AND SUBSIDIES, AND THE 
APPROPRIATION AND RELEASES OF FUNDS FOR THE 
AUTHORIZED CAPITAL PROVIDED HEREUNDER; AND 
RE HA B I LlTATlO N 
AND 
(C) 
BY 
SUCH 
DIVIDEND 
DECLARE 
IN 
FAVOR 
OF 
THE 
GOVERNMENT PUSUANT TO REPUBLIC ACT NO. 7656, AND 
ITS IMPLEMENTING RULES AND REGULATIONS.” 
SEC. 5. Section 10 of PD 269, as amended, is hereby repealed 
and substituted with new provisions to read, as follows: 
”SEC. 30. ENFORCEMENT POWERS AND REMEDIES. - IN 
THE EXERCISE OF ITS RIGHTS AS LENDER, TH 
NEA SHALL 
RECOGNIZE THE INDEPENDENCE OF ELECTRIC COOPERATIVES 
AS 
PEOPLE’S 
ORGANIZATIONS 
AND 
RESPECT 
THEIR 
MANAGEMENT: PROVIDED, THAT IF THE ELECTRIC COOPERATIVE 
CONCERNED OR OTHER SIMILAR ENTITY FAIL , AFTER DUE 
NOTICE TO COMPLY WITH THE TERMS OF THE LOAN CONTRACT 
AND 
SIMILAR 
AGREEMENTS, 
THE 
NEA 
BOARD 
OF 


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ADMINISTRATORS MAY AVAIL ITSELF OF ANY OR ALL OF THE 
POWERS, REMEDIES AND/OR SANCTIONS UNDER EXISTING LAWS: 
PROVIDED, FURTHER, THAT IN CASE 0 
FORECLOSURE, THE 
ADMINISTRATOR MAY APPLY EX PARTE F R THE APPOINTMENT 
OF A RECEIVER AT THE TIME OF THE INSTITUTION 
OF THE 
PROCEEDINGS: PROVIDED, FINALLY, THAT IN N 
CASE SHALL 
THE RECEIVER ASSIGN THE PROPERTIES OR ANY PART THEREOF 
AND/OR ASSIGN ANY OR ALL OF HIS FUNCTIONS TO MANAGE AND 
OPERATE THE SYSTEM WITHOUT PRIOR APPROVAL OF THE NEA 
BOARD OF ADMINISTRATORS. 
NO COOPERATIVE SHALL BORROW MONEY SECURED BY 
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ADMINISTRATOR’S PRIOR APPROVAL. 
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THE NEA BOARD OF ADMINISTRATORS MAY TAKE ANY 
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SEC. 6. Section 15 of PD No. 269, as amended, is hereby amended to 
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read, as follows: 
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“SEC. 15. Organizations, [and] Purposes AND CAPITALIZATION. - 
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SUBJECT TO THE REGISTRATION REQUIREMENTS HEREINAFTER 
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SET 
FORTH, [C] 
cooperative 
non-stock, 
non-profit 
membership 
PROPERTY MORTGAGED TO THE NEA WITHOUT THE BOARD OF 
OTHER REMEDIAL MEASURES AS THE LAW MAY AUTHORIZE.” 
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corporations [may be organized,] and electric cooperative corporations 
heretofore formed or registered under REPUBLIC ACT NO. 2023, 
OTHERWISE KNOWN AS the “Philippine Non-Agricultural Cooperative 
Act” AND/OR UNDER PRESIDENTIAL DECREE NO. 269, OTHERWISE 
KNOWN AS THE “NATIONAL ELECTRIFICATION ADMINISTRATION 
DECREE”, AS AMENDED, ARE HEREBY COVERED BY REPUBLIC 
ACT NO. 6938, OTHERWISE KNOWN AS THE “COOPERATIVE CODE 
OF THE PHILIPPINES” AND may, as hereinafter provided, be converted 
INTO STOCK COOPERATIVES [under this Decree] for the purpose of 


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supplying, and of promoting and encouraging the fullest use of ELECTRIC 
service on area coverage basis at the lowest cost consistent with sound 
economy and the prudent management of the business of such 
corporations. 
(B) 
AS 
A 
STOCK 
COOPERATIV 
CAPITALIZATION OF EACH ELECTRIC COOPERATIVE SHALL BE 
THE TOTAL SUM OF - 
I. THE 
MEMBERSHIP FEES PREVIOUSLY 
PAID BY THE 
SUBSRIBER-MEMBERS AGREEING TO JOIN AS MEMBERS OF THE 
STOCK ELECTRIC COOPERATIVE, AND THE INTEREST EARNED BY 
SAID FEES; 
2. 
SUCH OTHER AMOUNTS FIXED BY THE 
BOARD OF 
DIRECTORS OF THE ELECTRIC COOPERATIVE TO B PAID BY THE 
SAID SUBSCRIBER-MEMBERS AS ADDITIONAL CONTRIBUTIONS 
TO THE PAID-UP CAPITAL; AN 
3. 
THE MEMBERSHIP FEES AND ADDITIONAL CONTRIBUTIONS 
LIKEWISE FIXED BY THE BOARD OF DIRECTORS OF THE 
ELECTRIC COOPERATIVE TO BE PAID BY THE NEW SUBSCRIBER- 
MEMBERS THEREOF: 
PROVIDED, 
THAT 
THE 
NET 
WORTH 
OF 
THE 
ELECTRIC 
COOPERATIVES AT THE TIME OF THEIR REGISTRATION UNDER 
THE COOPERATIVE CODE, CONSISTING OF ALL SUMS OWING TO 
IT AND ALL ITS PROPERTY AND ASSETS, MINUS ITS DEBTS, 
OBLIGATIONS AND LIABILITIES, SHALL FORM PART OF THEIR 
PAID UP CAPITAL AND CREDITED PRO RATA OR EQUITABLY, WITH 
THE APPROVAL OF THE GENERAL ASSEMBLY, TO ALL THEIR 
MEMBER-SUBSCRIBERS AS OF THE DATE OF THE EFFECTIVITY OF 
THIS ACT. 


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C) 
EACH ELECTRIC COOPERATIVE SHALL HAVE AS INITIAL 
SUBSCRIBERD CAPITAL THE AMOUNT EQUIVALENT TO NOT MORE 
THAN FOUR (4) TIMES THE TOTAL 
UM OF PAID-UP CAPITAL 
DETERMINED 
IN 
ACCORDANCE 
WITH 
THE 
IMMEDIATELY 
PRECEDING SUBSECTION AND EACH 
F THE SUBSCRIBER- 
MEMBER THEREOF SHALL ADDITIONALLY PAY THE AMOUNT 
EQUIVALENT TO THREE (3) TIMES HIS CONTRIBUTION TO THE 
PAID-UP CAPITAL, EXCLUDING HIS CREDITED SHARE IN THE NET 
WORTH THEREOF, WITHIN FIVE (5) YEARS FROM THE DATE OF 
EFFECTIVITY OF THIS ACT: PROVIDED, THAT EACH SUBSCRIBER- 
MEMBER SHALL HAVE THE PREEMPTIVE RIGHT TO SUBSCRIBE 
TO SHARES ISSUED BY THE COOPERATIVE FROM ALL UNISSUED 
SHARES THEREOF, INCLUDING THOSE ISSUED FROM INCREASES 
IN THE AUTHORIZED CAPITAL OF THE COOPERATIVE: PROVIDED, 
FURTHER, THAT THE TOTAL SUBSCRIBER-MEMBERS IN EACH 
STOCK ELECTRIC COOPERATIVE SHALL AT ALL TIMES BE NOT 
LESS THAN SIXTY PERCENT (60%) 
SUBSCRIBED CAPITAL 
OF THE SAID COOPERATIVE AND THE TOTAL SUBSCRIPTION QF 
THE ASSOCIATE OR OTHER SUBSCRIBER-MEMBERS OR NON- 
SUBSCRIBER-MEMBERS SHALL IN NO CASE EXCEED FORTY (40%) 
OF THE SAID SUBSCRIBED CAPITAL: PROVIDED, FINALLY, THAT, 
WITHIN ONE YEAR FROM THE DATE OF THE EFFECTIVITY OF THIS 
ACT, THE NATIONAL ELECTRIFICATION ADMINISTRATION SHALL 
HAVE THE OPTION TO CONVERT ITS LOANS TO THE ELECTRIC 
COOPERATIVES OR PORTIONS THEREOF INTO SHARE EQUITY IN 
SAID ELECTRIC COOPERATIVES TO THE EXTENT OF NOT MORE 
THAN TWENTY-FIVE PER CENT (25%) OF THE ISSUED AND 
SUBSCRIBED CAPITAL OF THE ELECTRIC COOPERATIVES. 


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D) 
THE 
ELECTRIC 
CQOPERATIVE 
SHALL 
HAVE 
AS 
AUTHORIZED CAPITAL THE AMOUNT EQUIVALENT T 
THAN FOUR (4) TIMES THE AFORESTATED SUBSCRIBED CAPITAL, 
WHICH MAY BE INCREASED OR DECREASED IN ACCORDANCE 
WITH THE PROVISIONS OF THE COOPERATIVE CODE. 
E) 
THE 
ELECTRIC 
COOPERATIVE 
SHALL 
BAKE 
ALL 
NECESSARY STEPS TO INSURE THE ADJUSTMENT OF THE 
PROVISIONS OF THEIR ARTICLES OF INCORPORATION AND BY- 
LAWS TO CONFORM WITH THE PROVISIONS AND REQUIREMENTS 
OF THE COOPERATIVE CODE AND THIS ACT, WHICH PRQVISIONS 
AND REQUIREMENTS SHALL BE DEEMED INCORPORATED IN SAID 
ARTICLES OF 
INCORPORATION AND BY-LAWS UPON THE 
EFFECTIVITY OF THIS ACT. 
F) 
THE ELECTRIC COOPERATIVE SHALL BE REGISTERED WITH 
THE COOPERATIVES DEVELOPMENT AUTHORITY UPON THE 
SUBMISSION 
TO 
THE 
AUTHORITY 
OF 
THE 
FOLLOWING 
DOCUMENTS: 
(I) A CERTIFIED COPY OF THE ARTICLES OF INCORPORATION 
AND BY-LAWS OR OTHER REGISTRATION PAPERS FILED WITH 
THE 
NEA 
OR 
OTHER 
REGISTERING 
AGENCY 
OF 
THE 
GOVERNMENT; 
(2) 
A COPY OF ITS CERTIFICATE OF REGISTRATION; 
(3) 
A SWORN STATEMENT OF THE TREASURER STATING THE 
NAMES OF THE OFFICERS AND DIRECTORS OF THE ELECTRIC 
COOPERATIVE, THE AMOUNT OF ITS AUTHORIZED 
SHARE 
CAPITAL, SUBSCRIBED SHARE CAPITAL AND PAID-UP CAPITAL; 
AND 


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(4) 
SUCH OTHER DOCUMENTS, PAPERS OR REQUIREMENTS 
THE AUTHORITY MAY IMPOSE UNDE 
PRIATE RULES 
ULATIQN i ADOPTED FOR THE PU 
G) 
THE 
ELEC RIC 
COOPERATIV 
LL, 
UPON 
THE 
EFFECTIVITY OF THI 
T, 
BE 
DEEMED 
C OPERATIVES 
ORGANIZED AND EXISTING UNDER AND BY VIRTUE OF THE 
PROVISIONS OF THE COOPERATIVE CODE, AND ALL THE 
PROVISIONS 
OF 
LAWS, 
RULES 
AND 
REGULATIONS 
AND 
ADMINISTRATIVE GUIDELINES INCONSISTENT HEREWITH SHALL 
BE 
DEEMED 
AMENDED, 
REPEALED 
AND 
SUPERSEDED: 
PROVIDED, THAT - 
4 )  
THE NEA SHALL CONTINUE TO EXERCISE ITS REGULATORY 
AND 
SUPERVISORY 
POWERS 
OVER 
THE 
ELECTRIC 
COOPERATIVES WITH RESPECT TO MATTERS RELATING TO THEIR 
PUBLIC SERVICE OPERATIONS, INCLUDING THE ACQUISITION, 
OPERATlbN AND MAINTENANCE OF THEIR EQUIPMENT AND 
FACILITIES; 
2) 
THE 
ELECTRIC 
COOPERATIVES 
WHICH 
SHALL 
BE 
REGISTERED 
IN 
ACCORDANCE 
WITH 
THIS 
ACT 
SHALL 
ADDITIONALLY 
ENJOY 
THE 
TAX 
AND 
OTHER 
EXEMPTION/PRIVILEGES UNDER THE COOPERATIVE CODE WITHIN 
A TEN ( I O )  YEAR PERIOD TO BE RECKONED FROM THE DATE OF 
THEIR REGISTRATION WITH THE AUTHORITY; 
PROVIDED, FURTHER, THAT ELECTRIC COOPERATIVES NOT 
OPTING TO REGISTER AS STOCK COOPERATIVES UNDER THE 
PROVISIONS OF THIS ACT WITHIN TWO (2) YEARS FROM THE DATE 
OF EFFECTIVITY HEREOF SHALL NEVERTHELESS BE GOVERNED 
BY THE COOPERATIVE CODE AS A NON-STOCK, NON-PROFIT 
C 00 P E RATlV E ; PRO VIDED, NNA L L Y, THAT U NTI L OTH E RW I S E 


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PROVIDED BY LAW OR RULES AND REGULATIONS ADOPTED AND 
PROMULGATED PURSUANT TO THIS ACT, THE FOLLOWING RULES 
ON THE GENERAL ASSEMBLY AND MEMBERSHIP MEETINGS OF 
ELECTRIC COOPERATIVES, SHALL BE OBSERVED: 
(1) 
THE GENERAL ASSEMBLY AND MEMBERSHIP MEETING OF 
ELECTRIC 
COOPERATIVES 
SHALL 
BE 
COMPOSED 
OF 
REPRESENTATIVES OF THE MEMBERSHIP, EACH ONE OF WHOM 
SHALL BE ELECTED TO REPRESENT ONE HUNDRED (100) 
SUBSCRIBER-MEMBERS IN THE GENERAL MEETINGS OF THE 
MEMBERS WITHIN EACH DISTRICT AS DEFINED BY THE GENERAL 
ASSEMBLY, WHERE EACH AND ALL MEMBERS OF THE ELECTRIC 
COOPERATIVE WITHIN THE DISTRICT SHALL HAVE NOTICE AND 
THE FULL RIGHT TO PARTICAPATE AND VOTE; 
(2) 
THE GENERAL ASSEMBLY 
MEETING SHALL HAVE A 
QUORUM TO TRANSACT ANY AND ALL BUSINESS IF MORE THAN 
FIFTY PER CENT (50%) OF THE REPRESENTATIVES OF THE 
ELECTRIC COOPERATIVE ARE REPRESENTED; 
(3) 
THE DISTRICT MEETING SHALL HAVE A QUORUM TO 
TRANSACT ANY AND ALL THE BUSINESS OF THE DISTRICT 
MEETING IF MORE THAN FIFTY PER CENT 
(50%) OF THE 
SUBSCRIBER-MEMBERS WITHIN THE DISTRICT ARE PRESENT OR 
REPRESENTED BY PROXY.” 
SEC. 7. Sec. 24 (a) of PD No. 269, as amended, is hereby amended to 
read as follows: 
”SEC. 
24. Board of Directors. - (A) The management of a 
Cooperative shall be vested in its Board [,I [subject to the supervision and 
control of NEA which shall have the right to be represented and to 
participate in all Board meetings and deliberations and to approve all 
policies and resolutions of the Board.1 


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The composition, qualifications, the manner of elections and filling of 
vacancies,. the procedures for holding meetings and other similar 
provisions shall be defined by the by-laws of the Cooperative [subject to 
NEA policies, rules and regulations.]: 
PROVIDED, THAT WITHIN A 
PERIOD OF THREE (3) YEARS FROM THE DATE OF THE 
EFFECTIVITY OF THIS ACT THE NEA SHALL INTERVIEW, SCREEN, 
RANK AND PRE-QUALIFY CANDIDATES FROM WHERE THE 
ELECTRIC COOPERATIVES SHALL APPOINT THEIR GENERAL 
MANAGER OR CHIEF EXECUTIVE OFFICER. 
No member of the Board shall receive any salary for his service as 
director nor for services rendered in any other capacity. 
However, 
reasonable for diems for every Board meeting actually attended and 
reimbursement of actual expenses incurred in the performance of the 
duties of a member of the Board may be allowed. [as specified in NEA 
policies, rules and regulations .I” 
SEC. 
8. 
If any portion, section or provisions of this Act is declared 
unconstitutional, invalid, such sections or parts not affected thereby shall remain 
in force and effect. 
SEC. 9. All laws, decrees, executive orders, rules and regulations, or 
parts hereof inconsistent with the provision of this Act are hereby repealed, 
amended or modified accordingly. 
SEC. 10. This Act shall take effect fifteen (15) days after its publication 
in the Official Gazette or in at least two (2) newspapers of general circulation 
whichever comes earlier. 
Approved,