Section 11
SEC. 11. There is hereby appropriated, out of any funds in the Philippine Treasury not otherwise appropriated, the sum of two hundred and fifty thousand pesos, for the purpose of organizing the Corporation and conducting the preliminary work: Provided, That the said amount shall be reimbursed to the Philippine Treasury upon the certification of the Auditor General that the Corporation is in a financial condition to do so, and by virtue of such certification, the National Power Board shall approve a resolution authorizing the Treasurer of the Corporation to make the necessary payment. As soon as the construction of any project is decided upon, the Corporation may issue bonds for financing the project in accordance with the provisions of section four of this Act.