RA 6070 Section 13

Sinking fund.

Section 13

SEC. 13. Sinking fund.—A sinking fund shall be established in such manner that the total annual contribution thereto, accrued at such rates of interest as may be determined by the Secretary of Finance in consultation with the Monetary Board, shall be sufficient to redeem at maturity the bonds issued under this Act. Said fund shall be under the custody of the Development Bank of the Philippines which shall invest the same in such manner as its Board of Governors may approve; charge all expenses of such investments to said sinking fund, and credit the same with the interest on investments and other income belonging to it.

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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 6070 Section 13 (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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