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SB2589
SB2589
SB2589
(;j1<1')' elf
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S.B.
JAN 28 P3 :05
N:'~~~~~8 9
7"1)C(f1;:n~
Iy sought.
JAN 28 P3 :05
S.13. No.
,
"
2589
AN ACT
AMENDING Rt;PlJlJLlC ACT NO. 9184, OTIlf:RWISE KNOWN AS AN ACT
PROVIDING FOR THI!: MODI!:RNIZATION, STANDARDIZATION, AND
REGULATION OF TIlE PROClJREMENT ACTlVITmS OF THE (;OVERNMENT
AND FOR OTHER PURPOSES
(~l
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"(a) Approved Budget for the Contract (ABC) ... refers to the budget for the contract duly
approved by the Head of the Procuring Entity. as provided for in the General Appropriations Act,
and/of continuing appropriations, AND/OR [N MULTI-YEAR OBLIGATIONAL
AUTHORITIES ISSUED BY THE DEPARTMENT OF BUDGET AND MANAGEMENT,
BASED ON THE MEDIUM-TERM PUBLIC INVESTMENT PROGRAM OF THE
GOVERNMENT APPROVED BY THE NATIONAL ECONOMIC AND DEVELOPMENT
AUTHORITY. in the CASE OF National Government Agencies; the Corporate Budget for the
contract approved by the govcming Boards, pursuant to E.O. No. 518, series of 1979, in the case
of Government Financial Institutions and State Universities and Colleges; and the Budget for the
contract approved by the respective Sanggunian, in the case of Local Government Units."
SECTION 2. A NEW "SECTION 7" IS HEREBY PROVIDED AS FOLLOWS:
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(A)
THE ABC SHALL COVER THE TOTAL COST OF THE
ENTIRE MULTI-YEAR CONTRACT UP TO THE COMPLETION OF
THE PROJECT OR A USABLE PORTION THEREOF.
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(B)
AS A PREREQUISITE TO THE AWARD OF THE CONTRACT,
THE PROCURING ENTITY MUST HAVE A MULTI-YEAR
OBLIGATIONAL AUTHORTITY, ISSUED BY THE DEPARTMENT
OF BUDGET AND MANAGEMENT, WHICH SHALL AUTHORIZE
THE PROCURING ENTITY TO ENTER INTO A MULTI YEAR
CONTRACT FOR THE PROJECT OR A USABLE PORTION
THEREOF, AND WHICH SHALL CERTIFY THAT THE FUNDS TO
COVER THE TOTAL MULTI-YEAR CONTRACT COST SHALL BE
INCLUDED IN THE ANNUAL BUDGET PROPOSALS OF THE ENDUSER AGENCY OR PROCURING ENTITY, WITHIN ITS BUDGET
CEILINGS, SUBJECT TO APPROVAL BY CONGRESS OF THE
APPROPRIATION OF THE FUNDS FOR Tim PROJECT THROUGH
THE GENERAL APPROPRIATIONS ACT"
SECTION 3. A NEW "SECTION 8" IS HEREBY PROVIDED AS FOLLOWS
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(A)
(13)
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(C)
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Approved,