My bookmarksSign up free

RA 1979 Section 7

RA 1979 Section 7

Power to borrow from government banking institutions.

Section 7

SEC. 7. Power to borrow from government banking institutions.—In order to finance their projects, the grantees are empowered to borrow from any financial institution or incur indebtedness in excess of its borrowing capacity, notwithstanding any provision of law to the contrary.

Read the full instrument →

Other provisions in RA 1979

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 1979 Section 7 (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).

Continue your research

RA 1979, full textThe complete text of this law, so you can read this section in contextPhilippines legislationPhilippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearPhilippines: what this database coversWhich datasets are here, which official source they come from, and how current they arePhilippines overview