BP 640 Section 30

Loan Agreements.

Section 30

SEC. 30. Loan Agreements.—Ministries, bureaus, offices, or agencies may enter into foreign or domestic loan agreements, whether in cash or in kind: Provided, That such loan agreements shall be in accordance with the provisions of R.A. No. 245, as amended, LOI No. 880 and LOI No. 1307. Report of such agreement shall be furnished the Members of the Batasang Pambansa. Foreign borrowings shall not be incurred except for purposes and under conditions authorized under LOI No. 1307 and R.A. No. 4860, as amended.

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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 30 (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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