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Section 4. Administration of the Fund - Migrant Workers and Overseas Filipinos Act

Section 4. Administration of the Fund of Migrant Workers and Overseas Filipinos Act. Section 4. Administration of the Fund. Pursuant to Sec. 21 of the Act, the amount of One Hundred Million pesos (P100,000,000.00) from the Capital

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Migrant Workers and Overseas Filipinos Act

Section 4. Administration of the Fund.

Pursuant to Sec. 21 of the Act, the amount of One Hundred Million pesos (P100,000,000.00) from the Capital Funds of OWWA shall constitute the Migrant Workers Loan Guarantee Fund. The Fund, which shall be administered by the OWWA, shall be used exclusively to guarantee the repayment of Pre-Departure and Family Assistance Loans granted by participating GFIs.

All existing revolving funds earmarked for the Pre-Departure and Family Assistance Loans shall revert back to the OWWA Capital Fund.

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