PD 1371 Section 2

Section 2

SEC. 2. Section 2, par. 2(a) of the same Decree is hereby amended to read as follows: "2. Educational Loan Guarantee Fund (ELGF) "(a) The sum of Five Million Pesos (P5,000,000.00) is hereby appropriated from the funds of the National Treasury to constitute the initial Educational Loan Guarantee Fund. For this purpose the Budget Commissioner shall immediately release the funds herein appropriated to the Department of Education and Culture. Earnings, guarantee charges, and other credits arising from the operations of this Loan fund shall accrue to the Educational Loan Guarantee Fund."

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Other provisions in PD 1371

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 1371 Section 2 (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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