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 27, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01771 |
| 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 : The bill allows local government units, with the concurrence of the sanggunian, to choose the depository bank for their current operating expenditures including personal services. However, they are enjoined to maintain their special funds and capital outlays in government-owned banks. |
| PRINCIPAL AUTHOR/S : PICHAY, PROSPERO JR. A. |
| DATE FILED : 2004-07-27 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Approved by the Committee on 2005-01-26 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2004-08-04 |
Abstract
The bill allows local government units, with the concurrence of the sanggunian, to choose the depository bank for their current operating expenditures including personal services. However, they are enjoined to maintain their special funds and capital outlays in government-owned banks.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.