Foreign Loans Authorization Act

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Republic Act No. 4860: Foreign Loans Authorization Act

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Title Supreme Court: Foreign Loans Authorization Act

Law: Republic Act No. 4860

Decision Date: Sep 8, 1966

The Foreign Borrowing Act authorizes the President of the Philippines to contract loans with foreign entities for economic development projects, with limitations on the amount and requirements for revenue-producing projects, and the authority to issue tax-exempt bonds and guarantee loans for government-owned corporations.

foreign borrowing act

loan agreements

economic development projects

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