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PD 1050 Section 7

PD 1050 Section 7

Section 7

SECTION 7. Appropriations for Rental. The appropriations for rental or for purchase of buildings and grounds authorized under this Decree may be used for lease-purchase arrangements. Any department, bureau or office may also contract with government banking or financial institutions for loans intended for the acquisition of land or for the construction of government buildings: PROVIDED, That the concurrence of the Secretary of Finance and of the Commissioner of the Budget are obtained beforehand. The annual amortization of the loans shall be taken from the appropriations for rental authorized under this Decree for the department, bureau or office concerned.

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Other provisions in PD 1050

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

CitationPD 1050 Section 7 (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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