Government aid to co-operatives.
Section 77
SEC. 77. Government aid to co-operatives.— Notwithstanding the provisions of any law, the Government of the Philippines and its subdivisions may, subject to such regulations as may be prescribed on this matter, grant loans to, take shares in, or give financial assistance in any other form to any co-operative registered under this Act. With the previous sanction of the Government of the Philippines and subject to limitations to be prescribed by the Government, any federation of co-operatives may issue debentures. The Government of the Philippines may guarantee the principal thereof and the interest thereon, subject to such maximum amount of principal or such rate of interest and to such other conditions as1 may be prescribed by the Government.