REPUBLIC ACT No. 1480
AN ACT AUTHORIZING THE REHABILITATION FINANCE CORPORATION AND THE PHILIPPINE NATIONAL BANK TO GRANT LOANS TO GRADUATES OF TRADE, AGRICULTURAL AND TECHNICAL SCHOOLS AND COLLEGES IN THE PHILIPPINES WHO ARE FILIPINO CITIZENS.
Section 1. It is hereby declared a national policy to give financial assistance to graduates of trade, technical and agricultural schools and colleges with a view to helping them start an industry, own a shop or develop a farm and thus help solve the unemployment problem, and hasten the economic development of the Philippines.
Section 2. In accordance with this policy, any provision of law or regulation to the contrary notwithstanding, the Rehabilitation Finance Corporation and the Philippine National Bank are authorized to grant to any bona fide graduate of a government trade or technical school or college or a trade or technical school or college duly recognized by the Government, a loan of not exceeding two thousand, pesos, and to bona fide graduates of a government agricultural school or college or a private agricultural school...
Details
Amends
n/a
Amended by
n/a
