Republic Acts1 min read
Section 17July 31, 1990, Sec./Art. 17
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Transfer of Liabilities and Debts. – Upon the transfer to and acceptance by the Authority of the existing physical facilities, intangible assets and completed projects referred to in the preceding sections, all debts, liabilities, and obligations of government agencies or entities concerned in respect of such physical facilities, tangible assets and completed projects within the airports shall likewise be assumed by the Authority.
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