Amendment to Bond Issuance Limit for Development

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Title Supreme Court: Amendment to Bond Issuance Limit for Development

Law: Presidential Decree No. 1387

Decision Date: May 25, 1978

President Ferdinand E. Marcos amends Republic Act One Thousand to increase the maximum amount of bonds that can be issued for public works and projects in the Philippines from two billion pesos to five billion pesos, in order to provide additional financing for the country's economic and social development plans.

bond issuance

government obligations

borrowing capacity

END