Authorize Local School Boards to Invest in Bonds

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PRESIDENTIAL DECREE NO. 127: Authorize Local School Boards to Invest in Bonds

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Title Supreme Court: Authorize Local School Boards to Invest in Bonds

Law: Presidential Decree No. 127

Decision Date: Feb 12, 1973

A 1973 Presidential Decree authorizes local boards in the Philippines to invest in government bonds using a portion of the real property tax, with the aim of supporting education and improving the management of the educational system.

authorizing

local boards

chartered cities

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