Republic Acts1 min read
Section 6Sec./Art. 6
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Capitalization.- The Administration shall have an authorized capital stock of Fifty million pesos (₱50,000,000) to be subscribed and paid by the member-municipalities.
The amount necessary for the implementation of this Act shall be charged against the member-municipalities and against the special fund provided for under Section 12 of Presidential Decree No. 1869, as amended, in addition to the projects therein.
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