Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR GREATER FISCAL AUTONOMY IN FAVOR OF LOCAL GOVERNMENT UNITS (LGUs) IN THE CHOICE OF DEPOSITORY BANKS, AMENDING SECTION 311 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991
Date filed
July 24, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1359, 12th Congress of the Republic |
| FULL TITLE : AN ACT PROVIDING FOR GREATER FISCAL AUTONOMY IN FAVOR OF LOCAL GOVERNMENT UNITS (LGUs) IN THE CHOICE OF DEPOSITORY BANKS, AMENDING SECTION 311 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991 |
| ABSTRACT : Local treasurers shall maintain depository accounts in the name of their respective local government units with banks DULY ACCREDITED AS SUCH BY THE BANGKO SENTRAL NG PILIPINAS [preferably government-owne d] located in or nearest their respective areas of jurisdiction. Earnings of each depository account shall accrue exclusively thereto. |
| PRINCIPAL AUTHOR/S : PICHAY, PROSPERO JR. A. |
| DATE FILED : 2001-07-24 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Zialcita (014 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: House Bill No. 756, 12th Congress of the Republic |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2001-07-30 |
Abstract
Local treasurers shall maintain depository accounts in the name of their respective local government units with banks DULY ACCREDITED AS SUCH BY THE BANGKO SENTRAL NG PILIPINAS [preferably government-owne d] located in or nearest their respective areas of jurisdiction. Earnings of each depository account shall accrue exclusively thereto.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.