BP 640 Section 53

Corporate Equity Investments.

Section 53

SEC. 53. Corporate Equity Investments.—The appropriations herein authorized for equity investments may be used by the National Treasurer for the payment of loans relent to corporations, including the obligations incurred by the said corporations for the reimbursement of advances made by the National Treasury on obligations guaranteed by the Government of the Republic of the Philippines, subject to the approval of the President upon recommendation of the Office of Budget and Management.

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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 53 (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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