Bill Type
Congress Name
Long Title
AN ACT REGULATING THE USE OF LOCAL GOVERNMENT UNITS' INTERNAL REVENUE ALLOTMENT (IRA), AMENDING FOR THE PURPOSE THE 'LOCAL GOVERNMENT CODE OF 1991', AS AMENDED
Date filed
July 30, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01514 |
| FULL TITLE : AN ACT REGULATING THE USE OF LOCAL GOVERNMENT UNITS' INTERNAL REVENUE ALLOTMENT (IRA), AMENDING FOR THE PURPOSE THE 'LOCAL GOVERNMENT CODE OF 1991', AS AMENDED |
| ABSTRACT : The bill prohibits the use of the internal revenue allotment as a collateral for loans. |
| PRINCIPAL AUTHOR/S : AGGABAO, GIORGIDI B. |
| DATE FILED : 2007-07-30 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2007-08-08 |
Abstract
The bill prohibits the use of the internal revenue allotment as a collateral for loans.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.