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RA 1160 Section 13

RA 1160 Section 13

Section 13

SEC. 13. In addition to the financial aid that may be given to settlers from the "Revolving Fund of the Colonists", the Agricultural Credit and Cooperative Financing Administration (ACCFA) created under Republic Act Numbered Eight hundred and twenty-one is hereby authored to give loans or financial assistance to the settlers or settlers' cooperatives to help establish themselves as independent farmers following their arrival in the settlement areas: Provided, however, That it may require any borrower to become a bona fide member of a cooperative association in the settlement areas as a condition for giving such financial aid or loan. Such loans shall be subject the conditions specified in section six, subsection two, of this Act, with the modification that the lien shall be on the borrower's produce and that the amortization shall begin one year after the date of the loan. TRANSITORY AND SPECIAL PROVISIONS

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Other provisions in RA 1160

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 1160 Section 13 (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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