Section 11
SEC. 11. The net income from operation of any of the projects financed under the provisions of this Act shall, promptly at the close of the calendar year, be turned over by the provincial, city, or municipal treasurer concerned to the National Loan and Investment Board to be applied as reimbursement of the sum or sums invested from the revolving loan fund herein created, including interest. Any deficiency in the annual reimbursement and interest shall be covered from the regular income of the province, city or municipality concerned. However, the province, city, or municipality concerned may, at any time after construction work is completed, reimburse totally or partially from local funds the funds invested by the National Government. The annual reimbursements and interest so paid shall form part of the revolving loan fund herein created and shall be available for investment as herein provided and, subject to the provisions of this Act, for the reconstruction or improvement of existing markets or slaughterhouses or waterworks.