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XIV. FINANCING |
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FINANCING SECTION 63. Funding Source. - The initial amount needed to implement this Act for the period of (10) years upon approval hereof shall be funded from the Agrarian Reform Fund created under Sections 20 and 21 of Executive Order No. 229. Additional amounts are hereby authorized to be appropriated as and when needed to augment the Agrarian Reform Fund in-order to fully implement the provisions of this Act. Sources of funding or appropriations shall include the following: (a) Proceeds of the sales of the Assets Privatization Trust; (b) All receipts from assets recovered and from sales of ill-gotten wealth recovered through the Presidential Commission on Good Government; (c) Proceeds of the disposition of the properties of the Government in foreign countries; (d) Portion of amounts accruing to the Philippines from all sources of official foreign aid grants and concessional financing from all countries, to be used for the specific purposes of financing production credits, infrastructures, and other support services by this Act; (e) Other government funds not otherwise appropriated. All funds appropriated to implemented the provisions of this Act shall be considered continuing appropriations during the period of its implementation. SECTION 64. Financial Intermediary for the CARP. - The Land Bank of the Philippines shall be the financial intermediary for the CARP, and shall insure that the social justice objectives of the CARP shall enjoy a preference among its priorities. |
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Circular Letters/Memoranda |
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Speeches/ Presentations |
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Photo Gallery |
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The 2008 RBAP Charter Symposium |
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2008 CFI Awards |
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Rural Banking Week Celebration Golf Tournament |
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Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector |
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Financial Reporting Package 2008 |
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BSP releases regulations on liquidity, market risk weighting |
