PD 464 Section 94

Assessment revolving fund.

Section 94

SEC. 94. Assessment revolving fund.—The sum of ten million pesos as hereby appropriated out of any funds in the National Treasury not otherwise appropriated to constitute a special fund to be known as the Assessment Revolving Fund to finance the periodic general revision of real property assessments in provinces and cities. Such fund shall be administered by the Secretary of Finance and shall be loaned without interest to provinces and cities under such terms and conditions as he may impose.

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Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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