Bill Type
Long Title
AN ACT MANDATING THAT ALL REMITTANCES MADE ANNUALLY BY PHILIPPINE NATIONAL OIL COMPANY (PNOC) TO THE NATIONAL GOVERNMENT UNDER REPUBLIC ACT NO. 7656, FOR THE FOUR (4) YEARS IMMEDIATELY FOLLOWING THE APPROVAL OF THIS ACT, BE COMMITTED EXCLUSIVELY TOTHE RURAL ELECTRIFICATION PROGRAM AND DISBURSED IN ACCORDANCE WITH THE PRIORITIES SET BY THE DEPARTMENT OF ENERGY (DOE) AND THE NATIONAL ELECTRIFICATION ADMINISTRATION (NEA)
Date filed
August 24, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB12080 |
| FULL TITLE : AN ACT MANDATING THAT ALL REMITTANCES MADE ANNUALLY BY PHILIPPINE NATIONAL OIL COMPANY (PNOC) TO THE NATIONAL GOVERNMENT UNDER REPUBLIC ACT NO. 7656, FOR THE FOUR (4) YEARS IMMEDIATELY FOLLOWING THE APPROVAL OF THIS ACT, BE COMMITTED EXCLUSIVELY TOTHE RURAL ELECTRIFICATION PROGRAM AND DISBURSED IN ACCORDANCE WITH THE PRIORITIES SET BY THE DEPARTMENT OF ENERGY (DOE) AND THE NATIONAL ELECTRIFICATION ADMINISTRATION (NEA) |
| ABSTRACT : The bill seeks to assure that all the dividends remitted by the Philippine National Oil Company (PNOC) to the National Government are applied exclusively to the furtherance of the Rural Electrification Program (REP) over the next four (4) years in order to ultimately stimulate, promote and sustain much needed economic growth in the Philippine countryside. |
| PRINCIPAL AUTHOR/S : PUNZALAN, MARCIAL JR. C. |
| DATE FILED : 2000-08-24 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2000-08-30 |
Abstract
The bill seeks to assure that all the dividends remitted by the Philippine National Oil Company (PNOC) to the National Government are applied exclusively to the furtherance of the Rural Electrification Program (REP) over the next four (4) years in order to ultimately stimulate, promote and sustain much needed economic growth in the Philippine countryside.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.