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RA 266 Section 2

RA 266 Section 2

Section 2

SEC. 2. Such sums as may from time to time be released and paid to the National Treasury in accordance with the Preceding section are hereby appropriated for the following Purposes: To cover deficiencies in appropriations made by law for the full payment of duly recognized and approved financial obligations of the Government To rehabilitate or construct irrigation projects; To cover payments under expropriation proceedings of such private lands as may be acquired by the Government for they new capitol site, to develop such site, and to finance the construction of the capitol and such public buildings as may be approved by the Capitol and Public Buildings Commission; For the development of water power and the establishment of industries through the utilization of such power; To finance the purchase of agricultural or residential lands for the purpose of subdividing them for resale to actual occupants or tenants; For the expansion of existing industries or the establishment of new ones which may be essential to the development of the national economy; To finance resettlement projects similar to those now undertaken by the National Land Settlement Administration; For advances to the Rehabilitation Finance Corporation in order to increase its available funds to be loaned for purposes of rehabilitation and development; and To finance the construction of homes to be sold or rented to laborers and low-salaried employees.

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Other provisions in RA 266

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 266 Section 2 (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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