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RA 1566 Section 8

RA 1566 Section 8

Section 8

SEC. 8. For the purpose of paying the principal and interest charges on the loans secured from the Government Service Insurance System mentioned in the preceding section, the Secretary of Foreign Affairs is authorized to use the savings from operation of the Department of Foreign Affairs annually beginning with the fiscal year nineteen hundred and fifty-six. To insure the use of the full saving of the Department of Foreign Affairs to the servicing of the loans herein contemplated, the Department shall hereafter be exempted from the forced savings. The corresponding current appropriations of the Department of Foreign Affairs in operating expense items from which savings may later be realized as a result of the acquisition of buildings and grounds under the provisions of this Act, shall, in succeeding Appropriation Acts, be set aside for the purpose of servicing the loans herein contemplated.

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Other provisions in RA 1566

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 1566 Section 8 (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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