Loan Authorization and Appropriations.
Section 19
SEC. 19. Loan Authorization and Appropriations.—The loan in the amount of Twenty Five Million U.S. Dollars (U.S. $25,000,000) obtained from the International Bank for Reconstruction and Development shall finance partially the implementation of the Mindoro Project. The appropriate Philippine Government counterpart fund for each of the Project's components shall be made available through the usual government budgetary systems and procedures. For this purpose, each implementing department and agency shall keep a separate account for the implementation of the project/projects under their concern. For the Mindoro Office, the sum of one million five hundred thousand pesos (P1,500,000.00) is hereby allocated from the Special Activities Fund under Presidential Decree 733, to initially fund the operation of the Office. For the succeeding fiscal year, until its termination, their budgetary shall be provided for in the annual General Appropriation Act of the Government in such amounts as shall be adequate for the purpose.