PD 198 Section 60

Borrowing and Security Therefor.

Section 60

SEC. 60. Borrowing and Security Therefor. — Administration may borrow funds as authorized in Section 71 of this Title, and issue as security therefor debentures constituting a lien on any and all securities, covenants and obligations of local water utilities held by Administration as security for loans made to such local water utilities.

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CitationPD 198 Section 60 (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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