RA 4132 Section 10

Power to issue bonds.

Section 10

SEC. 10. Power to issue bonds.—Whenever the Board of Directors may deem it necessary for the Authority to incur an indebtedness or to issue bonds to carry out the provisions of this Act, it shall by resolution, so declare and state the purpose for which the proposed debt is to t incurred. In order that such resolution be valid, it shall be passed by the affirmative vote of at least four members of such board and approved by the President the Philippines upon the recommendation of the Secretary of Finance, after consultation with the National Economic Council and the Monetary Board of the Central Bank.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV →

Other provisions in CHAPTER IV

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 4132 Section 10 (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 4132, full textChapter navigation and full text, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER IV — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections