Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 2 AND SECTION 3 OF PRESIDENTIAL DECREE NO. 717, OTHERWISE KNOWN AS THE AGRI-AGRA LAW AND FOR OTHER PURPOSES
Date filed
August 8, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 2166, 12th Congress of the Republic | |
| FULL TITLE : AN ACT AMENDING SECTION 2 AND SECTION 3 OF PRESIDENTIAL DECREE NO. 717, OTHERWISE KNOWN AS THE AGRI-AGRA LAW AND FOR OTHER PURPOSES | |
| ABSTRACT : The proposed amendments shall maximize the use of the Agri-Agra fund for the benefit of small farmers, fishermen and small enterprises with capitalization less than Five Hundred Thousand Pesos (P500,000.00). Likewise, the provision which allows banks divert the ten percent (for agrarian reform) for the purchase of government securities is repealed in order to ensure that the beneficiaries of this Act will have ample funds to avail of. | |
| PRINCIPAL AUTHOR/S : RAMIREZ-SATO, JOSEPHINE Y. | |
| DATE FILED : 2001-08-08 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Gunigundo (021 ) | 2. Chipeco (079 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ECONOMIC AFFAIRS ON 2001-08-14 |
Abstract
The proposed amendments shall maximize the use of the Agri-Agra fund for the benefit of small farmers, fishermen and small enterprises with capitalization less than Five Hundred Thousand Pesos (P500,000.00). Likewise, the provision which allows banks divert the ten percent (for agrarian reform) for the purchase of government securities is repealed in order to ensure that the beneficiaries of this Act will have ample funds to avail of.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.