AN ACT TO AMEND SECTIONS ONE AND FIVE OF REPUBLIC ACT NUMBERED THREE HUNDRED AND FIFTY-SEVEN AS AMENDED BY REPUBLIC ACT NUMBERED EIGHT HUNDRED THIRTEEN BY INCREASING TO ONE HUNDRED MILLION DOLLARS THE AMOUNT OF LOANS WHICH THE NATIONAL POWER CORPORATION MAY CONTRACT FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, THE EXPORT-IMPORT BANK OF WASHINGTON D.C., U.S.A., OR ANY OTHER INTERNATIONAL FINANCIAL INSTITUTION.

AN ACT TO AUTHORIZE THE NATIONAL POWER CORPORATION TO CONTRACT LOANS FROM TIME TO TIME FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO NEGOTIATE AND CONTRACT THE SAME FOR AND ON BEHALF OF THE NATIONAL POWER CORPORATION AND TO GUARANTEE THE SAME FOR AND ON BEHALF OF THE REPUBLIC OF THE PHILIPPINES, AND FOR OTHER PURPOSES

AN ACT TO AMEND THE TITLE AND SECTIONS ONE, TWO, THREE AND FOUR OF REPUBLIC ACT NUMBERED THREE HUNDRED AND FIFTY-SEVEN, ENTITLED "AN ACT TO AUTHORIZE THE NATIONAL POWER CORPORATION TO CONTRACT LOANS FROM TIME TO TIME FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO NEGOTIATE AND CONTRACT THE SAME FOR AND ON BEHALF OF THE NATIONAL POWER CORPORATION AND TO GUARANTEE THE SAME FOR AND ON BEHALF OF THE REPUBLIC OF THEPHILIPPINES, AND FOR OTHER PURPOSES".

Guarantee Agreement (Second Development Corporation Project) between the Republic of the Philippines and the International Bank for Reconstruction and Development. Signed at Washington, on 23 September 1966.