Section 42Sec./Art. 42

Funding.- Funds for the urban development and housing program shall come from the following sources:

a. A minimum of fifty percent (50%) from the annual net income of the Public Estates Authority, to be used by the National Housing Authority to carry out its programs of land acquisition for resettlement purposes under this Act;

b. Proceeds from the disposition of ill-gotten wealth, not otherwise previously set aside for any other purpose, shall be applied to the implementation of this Act and shall be administered by the National Home Mortgage Finance Corporation;

c. Loans, grants, bequests and donations, whether from local or foreign sources;

d. Flotation of bonds, subject to the guidelines to be set by the Monetary Board;

e. Proceeds from the social housing tax and, subject to the concurrence of the local government units concerned, idle lands tax as provided in Section 236 of the Local Government Code of 1991 and other existing laws;

f. Proceeds from the sale or disposition of alienable public lands in urban areas; and

g. Domestic and foreign investment or financing through appropriate arrangements like the build-operate-and-transfer scheme.1шphi1