PD 693 Section 3

Section 3

SEC. 3. The President of the Philippines is hereby authorized to contract such loans, credits and indebtedness in accordance with the provisions of Republic Act Numbered Forty-Eight Hundred and Sixty, as amended, in such amounts as may be necessary to enable the Republic of the Philippines to finance the foreign exchange requirements of the Project: Provided, That the total of such amounts shall not exceed three hundred million United States dollars, or the equivalent thereof, in other foreign currencies.

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Other provisions in PD 693

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 693 Section 3 (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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