Presidential Decrees1 min read
Section 17December 14, 1980, Sec./Art. 17
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Administration Costs. The Fund shall bear the costs of its administration and development, in such amounts and/or limits as the Board of Trustees may deem appropriate, but not exceeding two percent (2%) of the net Fund assets of the previous year. Expenses for initial operation, however, may be provided for by the National Home Mortgage Finance Corporation, either as advances subject to reimbursement, with or without interest, or as subsidy for the development of housing finance.
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