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Applicability to Local Government Units (LGUs) and the Government Financial Institutions (GFIs). -The fund releases to the LGUs, and GFIs for programs, projects and activities enumerated in Section 10 of the Bayanihan to Recover as One Act shall be valid for release, obligation, and disbursement until June 30, 2021, except for the balances of the fund releases to the LGUs and GFIs sourced from savings in the 2020 GAA which shall be governed by the applicable provisions of the 2020 GAA.
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