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RA 9728 Section 21

RA 9728 Section 21

Capitalization.

Section 21

SEC. 21. Capitalization. — The AFAB shall have an authorized capital stock of Two billion pesos (Php2,000,000,000.00), with option to increase capitalization upon the discretion of the AFAB, divided into twenty thousand (20,000) no-par shares fully subscribed and paid up by the Republic of the Philippines with: All lands embraced and covered by the FAB, as well as permanent improvements and fixtures upon proper inventory not otherwise alienated, conveyed, or transferred to another government agency; All other assets which the President may transfer to the AFAB as part of the equity contribution of the government; and Cash contribution by the government in the amount of Five hundred million pesos (Php500,000,000.00) a year for the next five (5) years, which is hereby appropriated out of any fund in the National Treasury not otherwise appropriated.

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Other provisions in RA 9728

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 9728 Section 21 (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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