Reversion of Manila's Sinking Fund

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PRESIDENTIAL DECREE NO. 345: Reversion of Manila's Sinking Fund

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Title Source: Supreme Court: Reversion of Manila's Sinking Fund

Law: Presidential Decree No. 345

Decision Date: Nov 26, 1973

President Ferdinand E. Marcos authorizes the reversion of a sinking fund to the City of Manila for urgent public works projects, bypassing the appropriation requirement stated in Republic Act No. 6039.

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