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               SECTION 16. Separability Clause. – If, for any reason, any part or provision of this Act is
               declared  invalid  or  unconstitutional,  the  remaining  part  or  provisions  not  affected  thereby
               shall remain in full force and effect.

               SECTION 17. Repealing Clause. – All laws, presidential decrees, executive orders, letters of
               instruction and SUC charters contrary to or inconsistent with this Act are hereby repealed or
               amended accordingly.

               SECTION 18. Effectivity Clause. – This Act shall take effect upon its approval.


               APPROVED.


               (Sgd.) JOSE DE VENECIA, JR.                               (Sgd.) ERNESTO M. MACEDA
                      Speaker of the House                                     President of the Senate
                       Of Representatives


                       This Act, which is consolidation of Senate Bill No. 1721 and House Bill No. 4525 was
               finally  passed  by  the  Senate  and  the  House  of  Representatives  on  June  3,  1997,
               respectively.



               (Sgd.) ROBERTO P. NAZARENO                       (Sgd.) LORENZO E. LEYNES, JR.
                           Secretary General                                 Secretary of the Senate


               APPROVED:


               (Sgd.) FIDEL V. RAMOS
               President of the Philippines
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