Section 4
SEC. 4. Equity funds of the NHA which were used for the development of resettlement sites shall be converted to subsidies or grants of the national government to NHA and shall therefore be written off from its books of accounts by deducting an equivalent amount the total equity contributions of the national government to NHA. For this purpose, the NHA, shall submit to the Office of the Budget and Management a statement of its total investment in resettlement projects as of the effectivity of this Decree duly certified to by the Commission on Audit. The Office of the Budget and Management shall based on the above-mentioned certified statement of fund use, adjust its accounting records on the amount of equity contributions already made by the national government to the National Housing Authority.