(9) Coordinate with other agencies and organizations engaged in similar activities; (10) Perform other functions as may be provided by law or as directed by the Regional Governor. SEC. 11. Organizational Structure. – The Office is composed of the Office of the Executive Director with a rank of Director II, the Office of the Director I, the Research & Program Management Division, the Cultural Preservation and Promotion Division and the Administrative & Finance Division. The Executive Director shall have a fixed term of four (4) years. TITLE XVII REGIONAL TREASURY AND REGIONAL BUDGET Chapter 1 Office of the Regional Treasury (ORT) SECTION 1. Declaration of Policy. - The Autonomous Region in Muslim Mindanao is a corporate entity with jurisdiction in all budget and fiscal matters devolved to it by the Constitution, Republic Act No. 6734 as amended by Republic 9054, and other related laws as the Regional Assembly may pass. It is thus the declared policy of the Autonomous Regional Government that the Regional Treasury shall primarily be responsible for the evolution of a system of sound and efficient management of financial resources and to ensure that said resources are generated and managed in accordance with regional law and applicable existing national policies. SEC. 2. Mandate. - The Regional Treasury shall be responsible for the formulation, institutionalization and administration of regional fiscal policies in coordination with concerned agencies and offices and instrumentalities of the Autonomous Regional Government. It shall be responsible for the generation and judicious management of the financial resources to support the regional development objectives. The Regional Treasury shall be responsible for the review, approval and management of all regional public sector debt, whether foreign or domestic, with the end in view of ensuring that all borrowed funds are effectively utilized and all such obligations are promptly serviced by the Autonomous Regional Government. SEC. 3. Powers and Functions. - The Regional Treasury shall: (1) Act as the principal custodian of all funds of the Autonomous Regional Government; (2) Initiate the formulation and execute regional policies on revenue generation and financial management, public borrowings and capital market development; 194