Republic Acts1 min read
Section 12Sec./Art. 12
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Sinking Fund.- A sinking fund shall be established by the Administration in such manner that the total annual contributions thereto, accrued at such rate of interest as may be determined by the Secretary of Finance, shall be sufficient to redeem at maturity the bonds issued under the provisions of this Act.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.