Section 9Sec./Art. 9

Authorized Capital. The Authority shall have an authorized capital stock equal to:

(a) The value of fixed assets, including airport facilities, runways and equipment and such other properties, movable and immovable, currently administered by or belonging to the Francisco Bangoy International Airport, as valued on the date of the effectivity of this Act;

(b) The value of such real estate owned or administered by the Francisco Bangoy International Airport; and

(c) Government contribution in such amount as may be deemed an appropriate initial balance. Such initial amount, as approved by the President of the Philippines, which shall be more or less equivalent to six (6) months working capital requirement of the Authority, is hereby authorized to be appropriated in the annual General Appropriations Act of the year following the effectivity of this Act. Thereafter, the government contribution to the capital of the Authority shall be provided for in the annual General Appropriations Act.