Abstract:

Fund 161 this is a t rust fund from the National Government specifically intended for the Mindanao Rural Development Project.
The National Irrigation Administration (NIA) was formally created as a government corporation in 1963 with capitalization of P10 billion t o be subscribed and paid for entirely by the Philippine Government. The principal function of NIA was initially to develop, maintain, operate, improve and rehabilitate irrigation systems including communal and pump irrigation pro jects. However, with the reorganization of the government that occurred after its creation, NIA also assumed the irrigation activities of other government agencies, including those of the Irrigation Service Unit of the Presidential Assista nce on Community Development. Thereafter, with the passage of R epublic A ct (RA) No. 6978, otherwise known as “An Act to Promote Rural Development by Providing for an Accelerated Program within a Ten - Year Period of the Construction of Irrigation Projects ,” the activities o f NIA were significantly increased to cover the remaining 1.5 million un - irrigated but irrigable hectares of land nationwide.

Info

Source Institution	National Irrigation Administration
Source URL	http://www.nia.gov.ph/publications/tranparencyseal/gcg/financial/2012_NIAGenFund.pdf
Page Count	145
Place of Publication	Quezon City
Original Publication Date	January 1, 2013
Tags	Annual Report, Audit, COMMISSION ON AUDIT, NIA, Report