Section 6
SEC. 6. Subject to the approval of the President of the Philippines and to the supervision of the Secretary of Finance, the Department is authorized to borrow funds from any local or foreign financial institution payable for a period not exceeding twenty years, to finance the construction of buildings including the purchase and/or acquisition of site as provided in Section 4 hereof: provided, That the building project has been authorized by Congress: and Provided, further, That the total loan which may be obtained by virtue of this Section shall not exceed three hundred million pesos. All loans obtained under this Section shall be fully guaranteed by the Republic of the Philippines as to amortization. In the event the Department shall be unable to pay said amortization, the Secretary of Finance shall pay the amount thereof which is hereby authorized to be appropriated out of any funds in the National Treasury not otherwise appropriated and thereupon, the amounts so paid shall be reimbursed by the Department from whatever amount as may be available in the building fund account. Such sums as are reimbursed to the Secretary of Finance shall automatically accrue to the general fund of the government.