EXECUTIVE ORDER NO. 714 August 1, 1981
FISCAL CONTROL AND MANAGEMENT OF THE FUNDS OF THE UNIVERSITY OF THE PHILIPPINES
WHEREAS, the University of the Philippines ("UP") was established as institution of higher learning where the talented youth of the land can pursue the search for truth and knowledge and benefit from a continuous exchange of ideas in an atmosphere of academic freedom, free from the constricting influence of any prescribed form and content of thought;
WHEREAS, as such institution of higher learning, UP has always been guaranteed full management and control of its affairs, including its financial affairs, thus according to UP the flexibility to allocate and utilize its resources with the wisdom and dispatch that its needs require;
WHEREAS, in that atmosphere lies the excellence of a UP education, and the foundation upon which UP is held in high esteem by the international academic community:
WHEREAS, laws which have been enacted to insure proper fiscal planning and management of governmental funds might be misinterpreted by implementing agencies in a manner which unreasonably curtails or restricts the ability of UP to pursue its prescribed mission and to maintain its standing in the international academic community;
WHEREAS, it has always been the policy of the Government, particularly of this Administration under the New Republic, to preserve and expand UP as an institution of higher learning for the talented youth of the land and of other countries in this part of the world;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, pursuant to the powers vested in me by the Constitution and by the laws of the Philippines, do hereby order as follows:
Sec. 1. The following income, receipts and fees accruing to or derived by UP shall, upon their collection, be automatically released to UP;
(a) Tuition, matriculation, registration, late registration entrance, laboratory, medical, library, athletic school organ, cultural, graduation, diploma fees and all other fees that UP is authorized to fix and collect under Act No. 1870, as amended (the "UP Charter");
(b) Income from the land grants ceded to UP pursuant to Act No. 3608, as amended and from other land grants that may hereafter be ceded to UP;
(c) Income under R.A. No. 3870 and all other special laws;
(d) Income from the operation of service facilities; such as the facilities of the Asian Institute of Tourism, College of Veterinary Medical Hospital and Cafeterias;
(e) Income from extension services, such as, but not limited to, similar fees;
(f) Income from trusts, legacies, gifts and donations of real and personal property of all kind, which shall continue to be administered in accordance with the instructions of the trustor, testator or donor, pursuant to Section 6(i) of the UP Charter;
(g) All other income classified as special or fiduciary funds within the context of PD 711, PD 1177 and PD 1234.
Sec. 2. Until and unless otherwise specified by the President of the Philippines, all appropriations for Government assistance to UP under the annual general appropriations law and any supplemental or deficiency appropriations measure shall be in lump sum. The UP, however, shall submit a program of expenditures for the approval of the President of the Philippines.
Sec. 3. All income, receipts and funds derived by and/or released to UP under Sections 1 and 2 hereof shall, upon their collection or release, be immediately deposited in a separate account or accounts in any authorized Government depository bank in the name of the Treasurer of the Philippines, in his capacity as Treasurer ex officio of UP under the UP Charter.
Sec. 4. The Board of Regents of UP shall continue to exercise its full powers and authority under the UP Charter, including the power and authority to receive and appropriate to the ends specified by law such sums as may be provided by law for the support of UP.
Sec. 5. All amounts deposited in the accounts authorized to be established and maintained under Section 3 hereof shall be disbursed under such terms and conditions as may be prescribed by the Board of Regents of UP. For this purpose, all such disbursements shall be exempt from the requirement of Special Budgets under Section 40 of PD 1177.
Sec. 6. All accounts and expenses of the University shall be audited by the Commission on Audit.
Sec. 7. For purposes of implementation of Section 4, hereof, and, pursuant to the powers and authority vested on the Board of Regents under the UP Charter, as amended, the determination by the Board of Regents of UP, on the appointment and number of the academic staff, officers, employees and other personnel of UP and their respective compensation shall be binding and conclusive on the Office of Compensation and Position Classification of the Budget Commission.
Sec. 8. On or before the 10th day of August, of each year, the Board of Regents and UP shall be file with the President of the Philippines a detailed report, setting forth the progress, condition and needs of UP.
Sec. 9. The UP shall coordinate with the Minister of the Budget in drawing up implementing rules for this Executive Order.
Done in the City of Manila, this 1st day of August, in the year of Our Lord, nineteen hundred and eighty-one.
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