Section 10
SEC. 10. Funding. Official development assistance to the Philippine government are channeled through the Authority, including food aid, shall be recorded on the books of the authority as laid in capital when received in the form of loans, except there otherwise approved by the President of the Philippines, In which case they may be recorded as subsidies to the Authority. Payments made by the national government on loans drawn y or for the authority and the National Grains authority shall be recorded as payments of equity, except where otherwise approved by the President in which case they say be recorded as subsidies, to the Authority. The national government nay subsidize the operations if the authority out of funds appropriated in the annual appropriations Acts, in such amount and at such times as approval y the President of the Philippines. The funding and organizational provisions in B.P. No. 80 intended for the national food programs, including hose provided as special financing program seed fund, cooperatives loans, livelihood projects, in the Ministry of Agriculture, the Office of the President, the Ministry of Human Settlements shall be reviewed by the Council, which shall recommend to the President the appropriations transfers and realignment of responsibilities in order to be consistent with he purposes of this Decree. Appropriations transferred shall form part of the equity investment into the Authority. These review shall be conducted with the participation of the Chairman, Presidential Commission on Reorganization and the Minister of the Budget. The Authority is hereby empowered to negotiate with the government and domestic private lending institutions for credit facilities at preferential rates. The Control Bank of the Philippines shall rediscount local procurement and importation of papers of the National Food Authority under such terms and conditions as cay bb determined by the Monetary Board, which shall give preferential treatment as to interest rate, maturity raid loan value.