Republic Act No. 4648




REPUBLIC ACT No. 4648 An Act Appropriating One Hundred Forty Million Pesos in Payment for the Subscription of the Philippine Government to the Capital Stock of the Asian Development Bank Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled: Section 1. There is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, one hundred forty million pesos to be used exclusively in payment for the subscription of the Republic of the Philippines to the capital stock of the Asian Development Bank in accordance with the provisions of the agreement establishing the Asian Development Bank. Section 2. This Act shall take effect upon its approval. Approved: June 9, 1966. The Lawphil Project - Arellano Law Foundation