RA 1145 Section 4

Special authority to undertake projects and incur debts.

Section 4

SEC. 4. Special authority to undertake projects and incur debts.—Upon the recommendation of the National Economic Council and with the approval of the President of the Philippines, the PHILCOA may directly engage in such projects and undertakings as may be deemed vital or necessary to the early attainment of its general objective; and for the purpose of financing such projects, the PHILCOA may borrow the necessary funds from any financial institution subject to existing rules and regulations: Provided, That the total loan outstanding at any one time shall not exceed ten million pesos.

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Other provisions in CHAPTER II.—Powers

Section 3: Specific and general powers.

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

CitationRA 1145 Section 4 (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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