SEC. 3. The sinking funds for the payment of bonds issued by said provinces, municipalities, and cities shall constitute the sinking fund for the payment of the bonds issued by virtue of this Act. Such sinking fund shall be under the custody of the Insular Treasurer who shall invest it, in such manner as the Secretary of Finance may approve, in accordance with the provisions of law governing the investment of sinking funds.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationAct No. 3051 Section 3 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
