BP 640 Section 28

Loans Outlay.

Section 28

SEC. 28. Loans Outlay.—The amounts authorized for loans outlay in the budgets of ministries, bureaus, offices and other agencies, including accumulated balances and receivables, shall be remitted to government financial institutions to be constituted and administered as a trust fund under such terms and conditions as may be agreed upon by the head of the agency and the government financial institution concerned. The rules and regulations governing the use of the trust fund shall be formulated by the Office of Budget and Management. Contracts

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Other provisions in BP 640

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

CitationBP 640 Section 28 (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).

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