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RA 5398 Section 5

RA 5398 Section 5

Section 5

SEC. 5. In the event the Government may not have the necessary funds to be certified as available for any single contract out of the appropriation herein provided, au­thority is hereby granted to the contractor to finance from his own funds any single contract for any of said structures, and the appropriations authorized under Section one hereof shall be made available for the amortization of both principal and interest of any unpaid balance at a rate of interest not exceeding twelve per cent per annum: Provided, That no contract shall be amortized and paid for a period longer than twenty years.

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Other provisions in RA 5398

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 5398 Section 5 (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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