PRESIDENTIAL DECREE No. 1020

: Presidential Decree No. 1020 amends the penultimate paragraph of Section 15 of Presidential Decree No. 992.
: The Republic of the Philippines guarantees the payment by the Corporation of both the principal and the interest on the bonds issued by the Corporation.
: If the Corporation fails to pay, the Republic of the Philippines shall pay the principal and interest guaranteed.
: The funds come from the National Treasury, specifically from any funds not otherwise appropriated.
: This decree takes effect immediately upon its issuance on September 22, 1976.
: It was signed by President Ferdinand E. Marcos and by Juan C. Tuvera, Presidential Assistant.
: The purpose is to effect minor amendments and correct typographical errors in an existing law, specifically amending a paragraph in PD No. 992.
: Yes, it guarantees and appropriates funds for the payment of principal and interest if the Corporation fails to do so.
: It refers to the penultimate paragraph of Section 15 of PD No. 992.
: The Corporation issues bonds and is primarily responsible for payment of principal and interest, with the Republic guaranteeing payment if the Corporation defaults.