Bill Type
Congress Name
Long Title
AN ACT REQUIRING THE MANDATORY SUBMISSION OF THE ANNUAL BUDGETS OF GOVERNMENT-OWNED AND/OR CONTROLLED CORPORATIONS TO THE CONGRESS AND FOR OTHER PURPOSES
Date filed
July 26, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01613 |
| FULL TITLE : AN ACT REQUIRING THE MANDATORY SUBMISSION OF THE ANNUAL BUDGETS OF GOVERNMENT-OWNED AND/OR CONTROLLED CORPORATIONS TO THE CONGRESS AND FOR OTHER PURPOSES |
| ABSTRACT : The bill provides for all government-owned and controlled corporations (GOCCs) to submit their respective annual budgets to the Congress for approval within thirty days from the opening of every regular session. It further stipulates that GOCCs shall not incur any obligation or make any payment for current operating or capital expenditures without a budget approval by Congress and the President. |
| PRINCIPAL AUTHOR/S : BARINAGA, ROSELLER L. |
| DATE FILED : 2004-07-26 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2004-08-03 |
Abstract
The bill provides for all government-owned and controlled corporations (GOCCs) to submit their respective annual budgets to the Congress for approval within thirty days from the opening of every regular session. It further stipulates that GOCCs shall not incur any obligation or make any payment for current operating or capital expenditures without a budget approval by Congress and the President.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.