Section 1
SECTION 1. Section 6 of Presidential Decree No. 269 is hereby amended to read as follows: "Section 6—Capital Stock—The authorized Capital Stock of NEA is Two Billion Pesos divided into Fifty (50) Million shares with a par value of One Hundred Pesos (P100.00) each, which shares are not to be transferred, negotiated, pledged, mortgaged or otherwise given as security for the payment of any obligation. Beginning with the Fiscal Year 1978, the sum of Two Hundred Million Pesos is hereby appropriated out of the funds in the National Treasury not otherwise appropriated and the same amount annually thereafter until the balance of the unpaid subscription of the Government to the capital stock of the corporation shall have been paid in full. Such annual appropriation shall be programmed and released by the Budget Commission in accordance with the schedule of cash requirements to be submitted by the NEA; provided that this annual appropriation of Two Hundred Million Pesos and the programming and release thereof shall remain in force until the entire capital stock of the NEA is paid in full."