CA 699 Section 3

Section 3

SEC. 3 The President, with the consent of the Commission on Appointments, shall appoint a governor of the Fund and Bank and an alternate. The term of office of each shall be five years. The governor or his alternate, as the President may determine, is authorized to serve as an executive director of the Fund or the Bank. No person shall be entitled to receive any salary or other compensation from the Comonwealth of the Philippines for services as a governor, alternate, or executive director. REPORTS

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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

CitationCA 699 Section 3 (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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