RA 4567 Section 24

Bond Limits.

Section 24

SEC. 24. Bond Limits.—The Bonds that may be issued by the Authority shall in no case exceed the total amount of fifty million pesos: Provided, That no single issue shall exceed ten million pesos and that no further issue shall be made if at least seventy per cent of the immediately preceding issue is not yet sold. The bonds shall be issued only in such amounts as will be needed at any one integral operation not exceeding one year's duration, taking into account the state at which said bonds may be absorbed by the buying public and the fund requirements of project ready for execution, and considering further a proper balance between productive and non-productive projects so that inflation shall be held to the minimum.

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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 4567 Section 24 (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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