RA 3519 Section 1

Section 1

SECTION 1. Any provision of law to the contrary notwithstanding, the President of the Philippines is hereby authorized to guarantee absolutely and unconditionally, in the name and on behalf of the Government of the Republic of the Philippines, the payment of the loan or loans that may be granted by the Export-Import Bank of Washington, D.C., or any other international bank, for the establishment, management and operation of an integrated steel mill at Iligan City, Philippines: Provided, however, That the amount of the guaranty undertaken shall not exceed the sum of two hundred seventy-live million pesos, Philippine currency.

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Other provisions in RA 3519

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 3519 Section 1 (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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