Section 4
SEC. 4. (a) The National Power Corporation and the Metropolitan Water District are hereby authorized to secure loans from financing institutions or construction corporations for the dollar funds needed to finance then share of foreign currency requirements of the project, and the Philippine Government shall guarantee repayment o these loans. They are also authorized to borrow from proceeds of sale of bonds under Republic Act Numbered One thousand, the peso funds corresponding to their share of the proje cost. (b) The funds needed by the Bureau of Public Works as its share of the project cost for the flood control and irrigation phases shall be taken from economic development bonds issued under Republic Act Numbered One thousand.