GUARANTEE BY THE GOVERNMENT.
Section 8
SEC. 8. GUARANTEE BY THE GOVERNMENT.—The Republic of the Philippines hereby guarantees the payment by the FSDC of both principal and the interest of the bonds, debentures, collaterals, notes or such other obligations issued by the FSDC by virtue of this Decree, and shall pay such principal and interest in the event that the Corporation fails to do so. In case the Corporation shall be unable to pay the said principal and interest, the Secretary of Finance shall pay the amount thereof which is hereby appropriated out of any funds in the National Treasury not otherwise appropriated and thereupon, to the extent of the amounts so paid, the Government of the Republic of the Philippines shall succeed to all the rights of the holders of such bonds, debentures, collaterals, note or other obligations, unless the sum so paid by the Republic of the Philippines shall be refunded by the Corporation within a reasonable time.