Section 11Sec./Art. 11

Other Fund Sources.- The following non-budgetary funding sources shall be used to augment those mentioned in the preceding section in the implementation of a Comprehensive and Integrated Shelter and Urban Development Financing Program:

(a) Ten percent (10%) of the mandatory annual contributions by Philippine Charity Sweepstakes Office to the charity fund as provided for in Section 6 of R. A. No. 1169 shall be channeled to socialized and low-cost housing;

(b) All unused agri-agra allocation funds from banks in the preceding year shall be invested in socialized and low-cost housing:Provided,That the used agri-agra portion has been solely devoted to agricultural or agrarian reform credit; and

(c) The Bangko Sentral ng Pilipinas shall make available its rediscounting facilities to institutions or entities providing financing for socialized and low-cost housing in amounts and rates to be determined by the Monetary Board, taking into consideration the policy of the State as enunciated in this Act.