Bill Type
Congress Name
Long Title
AN ACT AUTHORIZING THE USE OF THE CONTRACTOR'S CERTIFICATE AS A LEGAL PAPER THAT CAN BE USED AS COLLATERAL AND REDISCOUNTING IN ANY WINDOW OF A PUBLIC OR PRIVATE BANK
Date filed
August 10, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB02283 |
| FULL TITLE : AN ACT AUTHORIZING THE USE OF THE CONTRACTOR'S CERTIFICATE AS A LEGAL PAPER THAT CAN BE USED AS COLLATERAL AND REDISCOUNTING IN ANY WINDOW OF A PUBLIC OR PRIVATE BANK |
| ABSTRACT : To protect the credit standing of the contractor and the agency, the bill proposes the acceptance of the contractor's certificate as a collateral to secure loans and be rediscounted at any bank. |
| PRINCIPAL AUTHOR/S : PANCHO, PEDRO M. |
| DATE FILED : 2004-08-10 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Villarosa (029 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2004-08-16 |
Abstract
To protect the credit standing of the contractor and the agency, the bill proposes the acceptance of the contractor's certificate as a collateral to secure loans and be rediscounted at any bank."]
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.