Bill Type
Long Title
AN ACT GRANTING TO ALL REGISTERED/BONA FIDE STALL HOLDERS FOR TEN (10) YEARS IN ALL PUBLIC MARKETS A CREDIT/CHARACTE R LOAN OF FIFTY THOUSAND PESOS (P50,000.00) UPON PAYMENT OF BUSINESS PERMIT EQUIVALENT TO TWICE THE AMOUNT AND SALES TAX ON THEIR PRESENT FINANCIAL STATEMENT AND APPROPRIATING FUNDS THEREFOR
Date filed
July 11, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB11827 |
| FULL TITLE : AN ACT GRANTING TO ALL REGISTERED/BONA FIDE STALL HOLDERS FOR TEN (10) YEARS IN ALL PUBLIC MARKETS A CREDIT/CHARACTE R LOAN OF FIFTY THOUSAND PESOS (P50,000.00) UPON PAYMENT OF BUSINESS PERMIT EQUIVALENT TO TWICE THE AMOUNT AND SALES TAX ON THEIR PRESENT FINANCIAL STATEMENT AND APPROPRIATING FUNDS THEREFOR |
| ABSTRACT : Rationale: It will be noted that the government awarded 10,000 per square meters of land or one hectare to the farmers as assistance and credit line from the agri-agra law to finance the cultivation of land. If similar benefits can be extended to million market vendors, a healthy business climate will ensue and lead to economic recovery. The loand from private or government bank shows that the essence of equality in a democratic country is not lost in legality to the share of every Filipino toimprove the present stable marketing of the vendors. |
| PRINCIPAL AUTHOR/S : PANCHO, PEDRO M. |
| DATE FILED : 2000-07-11 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2000-07-25 |
Abstract
Rationale: It will be noted that the government awarded 10,000 per square meters of land or one hectare to the farmers as assistance and credit line from the agri-agra law to finance the cultivation of land. If similar benefits can be extended to million market vendors, a healthy business climate will ensue and lead to economic recovery. The loand from private or government bank shows that the essence of equality in a democratic country is not lost in legality to the share of every Filipino toimprove the present stable marketing of the vendors.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.